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Sterling Falls after Javid Comments Stoke Hard Brexit Fears


Monday, 20 January 2020 23:48 WIB

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The pound fell on Monday after comments by UK finance minister Sajid Javid stoked fears about weak ties between the UK and the European Union following the country's departure from the bloc.

In an interview with the Financial Times on Saturday, Javid said Britain would not commit to sticking to EU rules in post-Brexit trade talks.

That is a threat to businesses that want to ease cross-border checks with the EU once the transition period following Britain's departure on Jan. 31 terminates at the end of the year.

The pound was last down 0.2% against the U.S. dollar to $1.2978. It was down 0.3% against the euro at 85.50 pence.

Source : Reuters


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