LONDON, Oct 3: The pound hit a three-year low against the euro on Monday after Prime Minister Theresa May announced Britain would begin Brexit negotiations by March and the finance minister warned of "turbulence" ahead.
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Value of US dollar, Euro, and British Pound decreases
The pound reached 87.46 pence against the euro -- its weakest level since August 2013 -- at around 0740 GMT before stabilising at 87.20 pence, after a new index showed manufacturing had benefited from a lower pound.
