Sterling extends fall, nears 6-week low vs dollar

• The pound was down 0.4pc at $1.2945, its lowest since Dec. 25.
• It fell by 0.3pc versus the euro at 85.35 pence, its weakest since Jan. 21.
• The currency suffered its biggest one-day fall against the dollar since Dec. 17 on Monday.

Sterling fell to nearly a six-week low on Tuesday, extending the previous day's losses, undermined by dollar strength across the board and renewed hard Brexit fears after Prime Minister Boris Johnson's tough tone on European Union trade talks.

The pound was down 0.4pc at $1.2945, its lowest since Dec. 25.

It fell by 0.3pc versus the euro at 85.35 pence, its weakest since Jan. 21.

The currency suffered its biggest one-day fall against the dollar since Dec. 17 on Monday.