Sterling falls to lowest in more than 3 months

2019-05-15 19:51:14 GMT (Economies.com)
Sterling falls to lowest in more than 3 months

British pound fell against most of the major currencies and hit its lowest level in more than three months against US dollar, amid uncertainty over the lack of a final agreement on the Brexit file.

 

Pressure is mounting on the government of Prime Minister Theresa May to stop the ongoing negotiations with the opposition Labor Party over the drafting for a Brexit plan.

 

With no agreement yet, skepticism is brewing over the ability of Theresa May and its negotiating team to reach an agreement approved by Brussels and approved by the British parliament.

 

Theresa May is preparing to put the Brexit agreement before the British parliament next month again for the fourth time this year after being rejected three times.

 

In terms of trading, by 19:13 GMT, British pound fell against US dollar by 0.5% to 1.2844, and hit a high of 1.3569 and a low of 1.2445.

 
 
 
  Symbol Last Change Chg.%
1.1168
0.0005
0.0421%
1.2724
-0.0013
0.1009%
14.468
0.051
0.350%
63.182
0.501
0.799%
71.97
-0.24
0.33%
1277.595
-0.170
0.013%
 
 
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