Sterling slips, stocks rise on Brexit disappointment
Reuters|
Updated: Dec 05, 2017, 02.59 PM IST
LONDON:Sterling fell half a percent on Tuesday as investors were disappointed after Britain fell short of securing a deal with EU officials on Monday before crucial trade talks begin next week.
In early London trading, the British currency fell 0.53 per cent to $1.3406, its lowest since Nov. 30.
The FTSE stock index edged 0.3 per cent higher as the pound's decline was seen benefiting exporters.
Prime Minister Theresa May failed to clinch a deal on Monday to open talks on post-Brexit free trade with the European Union after a tentative deal with Dublin to keep EU rules in Northern Ireland angered her allies in Belfast.
In early London trading, the British currency fell 0.53 per cent to $1.3406, its lowest since Nov. 30.
The FTSE stock index edged 0.3 per cent higher as the pound's decline was seen benefiting exporters.
Prime Minister Theresa May failed to clinch a deal on Monday to open talks on post-Brexit free trade with the European Union after a tentative deal with Dublin to keep EU rules in Northern Ireland angered her allies in Belfast.
