British pound dips noticeably in early Asian trade

British pound dips noticeably in early Asian trade

27 February 2017, 09:42
Josephine Kreus
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The British pound dipped noticeably in early Asian trade on Monday with investors watching the currency for any Brexit-related jitters following a by-election last week that showed the conservatives under Prime Minister Theresa May winning a former staunch Labour Party district.


The pound sterling fell 0.58% against the dollar 1.2394 around 0745 in Singapore. In October last year, a suspected "fat finger' in thin Asian trading hours sent the pound to a three-decade low.

Experts also pointed to a report from Times of London that suggested May was preparing for the Scottish government to call a second independence referendum to coincide with the triggering of Article 50 in March. [Read more... http://snip.ly/xm2ww ]
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