Pound tumbles against dollar and euro as Ireland roundly rejects Boris Johnson's Brexit plan

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The pound tumbled more than half a per cent against the euro on Tuesday after Ireland vehemently rejected Boris Johnson’s latest Brexit plans for checks near the Irish border. The pound’s latest fall came after the prime minister's plan to throw up a “buffer zone” with customs posts on the Irish border attracted near-unanimous outrage across the Irish Sea, dashing hopes for an imminent breakthrough in efforts to secure a Brexit deal before the 31 October deadline. A closely watched manufacturing survey delivered its worst reading in a decade, dealing a severe blow to Donald Trump’s repeated claims that he is at the helm of the strongest US economy in years. “Overall, sentiment this month remains cautious regarding near-term growth.” Global trade has slowed in large part due to the US president’s policies, notably a protracted trade war with China that has resulted in tariffs on hundreds of billions of dollars of imports and exports between the world’s two largest economies.