Wednesday, 29 March 2017

Pound under pressure as Theresa May prepares to trigger Brexit



The pound is under pressure as Theresa May prepares to fire the starting gun on the marathon two-year process for the UK to formally leave the EU.
 
Sterling slipped against the dollar and the euro in Asia early on Wednesday as traders watched the clock tick down to the triggering of Article 50 of the Lisbon Treaty by the Prime Minister.


The pound fell below $1.24 - leaving it more than half a cent lower against the greenback. It had nudged above $1.26 earlier in the week.


It was also four tenths of a penny weaker against the single European currency.




SKY     News.