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Sterling slips to six-week low vs dollar as Brexit jitters take toll


Tuesday, 4 February 2020 16:48 WIB

CurrencySterling,Poundsterling


c_740_198_16777215_00_images_assets_CURRENCY3_00nePound.jpg

Sterling fell to a six-week low against a broadly firmer dollar on Tuesday, as Prime Minister Boris Johnson's tough stance on European Union trade talks renewed concern that a deal may not be reached by the end of a transition period.

The EU and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties.

Sterling, which shed more than 1% against the dollar and the euro on Monday, extended its falls on Tuesday.

The pound slipped 0.4% to $1.2942 its lowest since Dec. 25. It fell by 0.3% versus the euro to 85.35 pence its weakest since Jan. 21.

Source : Reuters


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