Sterling knocked off session highs after PM rules out Brexit delay

Sterling knocked off session highs after PM rules out Brexit delay

Reuters  | Jan 11, 2019 11:35

Sterling knocked off session highs after PM rules out Brexit delay

(Reuters) - Sterling slipped off session highs against the euro and dollar on Thursday after a spokeswoman for British Prime Minister Theresa May ruled out extending Article 50 to delay the country's exit from the European Union.

The pound had risen 0.3 percent to the euro (EURGBP=D3) at 89.8 pence while against the dollar it had strengthened more than half a percent to trade as high as $1.2851 after the Evening Standard cited cabinet ministers as saying Britain could seek to delay its scheduled departure date from the European Union.

© Reuters. FILE PHOTO: Pound coins are seen in the photo illustration taken in Manchester, Britain

But it came off those levels after the denial to trade at $1.2793, up 0.3 percent on the day. Against the euro it was at 90 pence, up 0.1 percent.

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