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|20 March, 2019

Pound hammered after Britain's May requests short Brexit delay

The British currency  fell a third of a percent to $1.3224

Image used for illustrative purpose. In this photo illustration, the new £10 note is placed on British passports alongside US dollar bills and euro notes on October 13, 2017.

Image used for illustrative purpose. In this photo illustration, the new £10 note is placed on British passports alongside US dollar bills and euro notes on October 13, 2017.

Getty Images/Matt Cardy
LONDON, March 20 (Reuters) - Sterling fell nearly one percent on Wednesday after Prime Minister Theresa May asked the European Union to delay Brexit until June 30, a shorter extension than some in the market had been expecting.

May also warned that a Brexit delay did not rule out a no-deal Brexit.

The British currency fell almost 1 percent to $1.3147 after May spoke, having earlier traded above $1.32.

Versus the euro, sterling skidded 1 percent to 86.39 pence .

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(Reporting by Tommy Reggiori Wilkes; Editing by Dhara Ranasinghe) ((thomas.wilkes@tr.com; Reuters Messaging: thomas.wilkes.thomsonreuters.com@reuters.net))

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