British pound frail after key eurosceptic ministers quit
Tuesday, 10 July 2018 08:36 WIB | CURRENCIES |Dolar Europound

The British pound was frail on Tuesday after the departure of two key eurosceptic ministers raised worries about a œhard 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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