Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Latest
Trending
Latest stories
Europe
Categories
Programmes
Featured
World
Categories
Programmes
Featured
EU Policy
Business
Categories
Programmes
Featured
Travel
Categories
Programmes
Next
Categories
Programmes
Featured
Culture
Categories
Programmes
Green
Categories
Programmes
Featured
Health
Categories
Programmes
Euroviews
Videos
More
Special coverage
Partner content
Services
Newsletter Newsletters Events Events Podcasts Videos Africanews
Loader
Find Us
Flipboard Instagram Linkedin
Advertisement

May's spokesman says level of sterling is for markets to determine

May's spokesman says level of sterling is for markets to determine
FILE PHOTO: An employee is seen walking over a mosaic of pound sterling symbols set in the floor of the front hall of the Bank of England in London, in this March 25, 2008. REUTERS/Luke Macgregor/files -  Copyright  Luke MacGregor(Reuters)
Copyright Luke MacGregor(Reuters)
By Reuters
Published on
Share this article Comments
Share this article Close Button

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)

Go to accessibility shortcuts
Share this article Comments

Read more