In Brexit-related news:

The pound has plummeted to a two and a half year low, as senior members of Boris Johnson’s cabinet signal that Britain is heading for a no-deal Brexit in October.

Johnson’s de facto deputy Michael Gove will chair an emergency meeting of senior Cabinet ministers on Tuesday afternoon, to co-ordinate UK preparations for leaving the EU without a deal.

The meeting comes after Gove suggested on Sunday that the UK is operating “on the assumption” that Britain is heading for a no-deal exit, while the Foreign Secretary Dominic Raab said that the “balance has shifted” towards leaving without an agreement.

Johnson’s spokeswomen said on Monday that he would not even meet with EU leaders to discuss a deal until they ditched their longstanding negotiating red lines.

businessinsider.com