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Sterling Heads For Fourth Weekly Drop on Concerns About Brexit Vote
Friday, 7 December 2018 23:28 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling fell on Friday and was headed for a fourth consecutive week of losses as British Prime Minister Theresa May pressed ahead with plans for a parliamentary vote on her Brexit deal despite warnings it could topple her government.

Sterling's near-term fate hangs on whether May can win a majority for her Brexit deal in a vote on Dec. 11 that will define Britain™s departure from the European Union scheduled for March.

The odds look stacked against her getting the deal through a deeply divided parliament.

The pound was down 0.2 percent at $1.2754 at 1600 GMT, near an 18-month low of $1.2659 hit on Wednesday. It also weakened 0.3 percent against the euro to 89.27 pence.

Source : Reuters

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