The Presidential Daily Brief


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    Pound Suffers Shock Drop in Possible Algorithm Error

    Blame the machines. The pound sterling dropped more than 6 percent against the dollar in just two minutes this morning, in what many are attributing to rogue automation. While the currency regained much of its value, it was still down 1.5 percent after a week in which Prime Minister Theresa May gave up a key bargaining chip by promising to trigger Brexit negotiations next spring, meaning she’ll no longer be able to use the EU’s desire for a swift break to leverage Britain’s weak position in divorce talks.

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