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Boris Johnson tries to reassure on Brexit as pound slumps

Boris Johnson tries to reassure on Brexit as pound slumps

Photo: Scotland’s First Minister Nicola Sturgeon, right, gestures to Britain’s Prime Minister Boris Johnson, outside Bute House, ahead of their meeting, in Edinburgh, Scotland, Monday July 29, 2019.

He faces a tough reception Tuesday from Welsh farmers, who fear economic havoc if Britain leaves the European Union without a divorce deal. They say millions of sheep might have to be slaughtered if tariffs are slapped on lamb exports to the EU.

Johnson’s office says Brexit will be “a historic opportunity to introduce new schemes to support farming.”

The pound has fallen sharply in recent days as businesses warn that no amount of preparation can eliminate the economic damage of a no-deal Brexit. It fell early Tuesday to $1.2120, its lowest since March 2017.

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