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Pound falls further against the euro and the dollar

The pound has extended its losses against both the dollar and the euro in late trading on Tuesday.

The pound continues to come under pressure, dropping below $1.23, while the FTSE 100 share index flirts with a record high.

Many travellers buying foreign currency at some of the UK's airports are now receiving less than one euro to the pound.

The pound reels on the currency markets as traders react to Brexit concerns and a flash crash that saw the pound dive in Asian trading.

Sportswear retailer Sports Direct warns that the extreme swings in the pound overnight will hit its profits.

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