LONDON (Reuters) – The level of sterling, which has tumbled to near 13-month lows over Brexit fears and the dollar strength, is for financial markets to determine, British Prime Minister Theresa May’s spokesman said on Monday.
Sterling lost 2 percent of its value last week because of growing unease among investors over the chances of Britain leaving the European Union without a deal. It continued to languish near 13-month lows on Monday.
When asked if May had a view on the currency’s fall, her spokesman said: “Those matters are for the financial markets to determine. It is not something we would comment on.”
(Reporting by Kylie MacLellan)