(Bloomberg) -- A gauge of the pound against seven major peers fell below post-Brexit levels on Monday after British Prime Minister Theresa May said she'll begin the U.K.'s process of withdrawal from the European Union in the first quarter of 2017. The Bloomberg British Pound Index dropped 0.9 percent, reaching the weakest level on a closing basis since the data started being compiled in 2004. The gauge is down about 17 percent this year.
To contact the reporter on this story: Marianna Aragao in London at mduartedeara@bloomberg.net. To contact the editors responsible for this story: David Goodman at dgoodman28@bloomberg.net, Todd White
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