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British pound frail after key eurosceptic ministers quit


Tuesday, 10 July 2018 08:36 WIB

Dolar Europound


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The British pound was frail on Tuesday after the departure of two key eurosceptic ministers raised worries about a “hard Brexit” while the dollar stood near three-week lows against its rivals after data showed soft U.S. wage growth.

Sterling stood at $1.3253, having fallen to as low as $1.3189 on Monday, after Prime Minister Theresa May’s foreign minister and Brexit negotiator quit in protest at her plans to keep close trade ties with the European Union.

Against the euro, the pound hit a four-month low of 89.025 pence per euro on Monday, and last stood at 88.70.

The dollar’s index against a basket of six major currencies fell to as lower as 93.711 on Monday, its lowest since mid-June, and last stood at 94.088.

Source: Reuters


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