![(FILES) In this file photo taken on December 14, 2017 a British one pound sterling coin is arranged for a photograph in front of a Union flag in London. The British pound slid below $1.20 on September 3, 2019, for the first time since the start of 2017, as the UK faces a possible general election amid Brexit turmoil. Sterling hit $1.1972 around 0640 GMT, as British Prime Minister Boris Johnson faces a rebellion by his own lawmakers over his Brexit strategy that could result in an early general election next month. / AFP / Justin TALLIS](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/JZM3XESKSGBR6SSGLCEGC56TJY.jpg?smart=true&auth=4c6d9c084b1f946ad5380681b021f8b2469d5e82246f295ab0fc4ca5f31cd1f7&width=400&height=225)
The British pound plunged on Tuesday after German Chancellor Angela Merkel said a Brexit deal was "overwhelmingly unlikely". AFP
The British pound plunged on Tuesday after German Chancellor Angela Merkel said a Brexit deal was "overwhelmingly unlikely". AFP
British pound swings up at end of day of Brexit volitility
The pound rose against the dollar after plunging to its lowest levels since 2016