Pound falls as doubts grow over chances of last-minute Brexit deal

cde.news desk 7 October 2019, 16:16 · 1 min read

epa04390853 A close-up of a mixture of British five, ten and twenty pound notes in London, Britain, 08 September 2014. The Pound has fallen sharply to lowest level since November 2013 following opinion poll published a day earlier showing supporters of Scottish independence ahead for the first time, 11 days before a referendum on whether to split from Britain is due to be held. Pro-independence campaigners took a narrow lead with 51 per cent of those surveyed in favour of leaving the 300-year-old union, while 49 per cent were opposed. Undecided voters were excluded. Five million people are eligible to vote in the September 18 referendum. On the ballot they will be asked a yes or no question: Should Scotland be an independent country? EPA/ANDY RAIN

Sterling fell in early London trading on Monday as investors grow increasingly concerned that Britain and the European Union were no closer to agreeing a Brexit withdrawal deal.

Sterling traded 0.2% lower at $1.2311. It was down 0.2% against the euro at 89.195 pence.

ING analysts attach a 10% to 15% chance a new deal would be reached over the next week.

A series of disappointing economic data over the past week has added to worries about the British economy and the impact of Brexit-related political uncertainty.

Via Reuters

Filed under Brexit Financial News UK

Topics BREXIT sterling UK

Pound falls as doubts grow over chances of last-minute Brexit deal

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