BREAKING NEWS
This content is not available in your region

Pound hammered after May requests short Brexit delay

Access to the comments Comments
Pound hammered after May requests short Brexit delay
FILE PHOTO - Wads of British Pound Sterling banknotes are stacked in piles at the GSA Austria (Money Service Austria) company's headquarters in Vienna July 22, 2013. REUTERS/Leonhard Foeger/File Photo   -   Copyright  Leonhard Foeger(Reuters)
Text size Aa Aa

LONDON (Reuters) – Sterling fell nearly one percent on Wednesday after Prime Minister Theresa May asked the European Union to delay Brexit until June 30, a shorter extension than some in the market had been expecting.

May also warned that a Brexit delay did not rule out a no-deal Brexit.

The British currency fell almost 1 percent to $1.3147 after May spoke, having earlier traded above $1.32.

Versus the euro, sterling skidded 1 percent to 86.39 pence.

(Reporting by Tommy Reggiori Wilkes; Editing by Dhara Ranasinghe)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.