United Kingdom

Expert Voices

Italy's Salvini embroiled in Russian scheme to aid League party

Matteo Salvini speaking
Italian Deputy Minister Matteo Salvini. Photo: Stefano Montesi - Corbis/Getty Images

The implication of Italian Deputy Prime Minister Matteo Salvini in a campaign finance deal involving Russian funds highlights the expanding reach of Russian interference in nationalist, populist political movements across Europe.

Why it matters: Russia's foreign meddling aims to further its goals of weakening liberal democracies in the West and expanding its share of global influence. But the exposure of some of its efforts has come back to haunt the intended beneficiaries.

British pound falls to lowest level in more than 2 years

Data: investing.com; Chart: Axios Visuals

The British pound fell to its lowest level against the dollar since April 2017 on Wednesday, as concerns about a no-deal Brexit grew.

By the numbers: Analysts at Morgan Stanley even warned that a no-deal Brexit could send the pound to parity with the dollar for the first time ever. Sterling briefly touched $1.05 in 1985, Bloomberg reported.

Go deeper: Everything you need to know about Brexit