Sterling fell 1% on Wednesday as investors' focus shifted back to the possibility of negative interest rates in Britain and on comments from government officials that not much progress had been made in Brexit negotiations.
LONDON - Sterling fell 1% on Wednesday as investors’ focus shifted back to the possibility of negative interest rates in Britain and on comments from government officials that not much progress had been made in Brexit negotiations.
Britain’s negotiator with the EU, David Frost, also reiterated that the UK would not extend the Brexit transition period beyond December. “Whilst a classic last-minute EU fudge is still broadly anticipated by the market, the language from David Frost was not optimistic,” said Neil Wilson, chief market analyst at markets.com.
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