Sterling falls amid lingering Brexit worries

Markets 12/7/2018, 10:42 AM
Sterling falls amid lingering Brexit worries

The British pound fell on Friday amid the persisting concerns related to the country's departure from the European Union. Yesterday, London Mayor Sadiq Khan urged Prime Minister Theresa May to revoke Article 50 of the Lisbon Treaty and cancel London's divorce from Brussels. Khan pointed out that the worst case scenario would be if the UK is leaves the EU without a deal. Meanwhile, the European Court of Justice (ECJ) is set to formally rule on Monday whether London can unilaterally decide to cancel Brexit.

Sterling fell 0.30% against the dollar to sell for 1.2749 at 10:41 am CET. The euro advanced 0.14% against the pound to change hands for 0.8913 at 10:41 am CET. The pound lost 0.20% against the yen to go for 143.8435 at 10:42 am CET.

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Share:

GBP/JPY+0.16%

143.6370
Chart for: GBP/JPY Spot

EUR/GBP+0.15%

0.8989
Chart for: EUR/GBP Spot

GBP/USD-0.10%

1.2658
Chart for: GBP/USD Spot