The British Pound is at its lowest level against the dollar for 31 years. The drop is the result of growing fears of a so-called “Hard Brexit” and that Britain will be forced out of the European single market during negotiations to leave the EU. Al Jazeera’s UK correspondent, Barnaby Phillips reports from central London.

Larry McDonald, editor of the “Bear Traps Report,” discusses the ripple effect created by the slide in the British pound on corporate earnings, the Fed’s thinking and the US dollar.