Pound drops on report British PM May's decision on Brexit vote is imminent

LONDON: The pound fell on Monday after a media report said British Prime Minister Theresa May had called a meeting of senior aides, with a decision on whether to pull parliament's vote on her Brexit deal imminent.

Sterling dropped to the day's low of $1.2691, down 0.2 percent on day, after the Sun's political editor Tom Newton Dunn said on Twitter "The PM has called together all her senior aides for a meeting on the Meaningful Vote in No10 now."

The currency also weakened against the euro, trading down 0.3 percent at 89.76.