Sterling rallies as PM Theresa May seeks Brexit extension
Reuters | Apr 2, 2019, 23:02 IST
British PM Theresa May (AP) LONDON: The pound rallied against the euro and the dollar on Tuesday after Prime Minister Theresa May said Britain needs a further extension of Article 50 to ensure it leaves the European Union in a timely manner.
Fears that the United Kingdom may crash out of the EU without a deal by April 12 had pressured the pound earlier on fears of a protracted Brexit logjam.
The pound rallied as much as 0.3 per cent against the dollar to above $1.31. It strengthened against the euro to 85.49 pence.
Fears that the United Kingdom may crash out of the EU without a deal by April 12 had pressured the pound earlier on fears of a protracted Brexit logjam.
The pound rallied as much as 0.3 per cent against the dollar to above $1.31. It strengthened against the euro to 85.49 pence.
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