“As the outlines of Brexit negotiations begin to take shape, companies are going to be a lot
more concerned,” said Peter Dixon, a global financial economist at Commerzbank AG in London.
In the year since Britain’s shocking vote to abandon the European Union, the British pound has surrendered
13 percent of its value against the euro, raising the cost of cherished European vacations.
The economy expanded by only 0.2 percent over the first three months of the year compared to
the previous quarter, far less than the 0.7 percent pace of growth seen at the end of 2016.