Markets

Sterling skids on report of possible ‘Brexit breakdown’

Published October 16, 2017 Updated October 16, 2017 04:37pm

The pound fell to the day's lows of $1.3246, having been trading around $1.3291 beforehand, leaving it down 0.2 percent on the day.

"(The move) is squarely on that phrase, 'Brexit breakdown'," said Mizuho's head of hedge fund currency sales, Neil Jones. "The correlation is still there - any suggestion of a harder Brexit is generating significant sterling selling."

 

Copyright Reuters, 2017