Pound hammered after May requests short Brexit delay
Published Mar 20, 2019 13:08
Pound hammered after May requests short Brexit delay
LONDON (Reuters) - Sterling fell nearly one percent on Wednesday after Prime Minister Theresa May asked the European Union to delay Brexit until June 30, a shorter extension than some in the market had been expecting.
May also warned that a Brexit delay did not rule out a no-deal Brexit.
The British currency fell almost 1 percent to $1.3147 after May spoke, having earlier traded above $1.32.
Versus the euro, sterling skidded 1 percent to 86.39 pence.
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Written By: Reuters
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