Sterling falls on stronger dollar and Brexit uncertainty

British pound fell against most major currencies today on the continuation of the uncertainty over the UK's exit from the EU and the the new government's ability to manage this ongoing issue.

Boris Johnson is close to winning the Conservative Party confidence and leadership, which leads to replacing Theresa May, to take over the new British government to complete negotiations with the European Union for a smooth withdrawal.

This comes as uncertainty continues over the Brexit and the extent of the agreement that should reached to ensure Britain's continued existence in the EU Customs Union.

Johnson said formerly that the UK must prepare to exit the EU on October 31, whether by agreement or not.

In another context, the Bank of England announced today that it is about to reach the target of employing 35% of its leadership of women by 2020.

In terms of trading, by 19:25 GMT, Pound fell against US dollar by 0.7% to 1.2587, with the highest price at 1.2687 and the lowest at 1.2581.