Sterling Sinks on Reports that Brexit Vote Being Pulled
Monday, 10 December 2018 21:19 WIB | CURRENCIES |DolarPoundsterlingGBP/USD

The pound sank on Monday following reports that British Prime Minister Theresa May would cancel Tuesday™s planned vote on whether to approve her Brexit withdrawal deal in order to avoid a defeat that could potentially bring down her government.

GBP/USD hit lows of 1.2651, the weakest level in one-and-a-half years and was at 1.2653 by 07:33 AM ET (12:33 GMT), down 0.76%.

The pound also hit three month lows against the euro, with EUR/GBP advancing 0.89% to 0.9021.

Investing.com

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