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|14 December, 2018

Sterling extends losses after PM May's Brexit trip to Brussels

The British currency also dropped 0.3% versus the euro to 90.025 pence

British Prime Minister Theresa May arrives at a European Union leaders summit in Brussels, Belgium December 14, 2018. Alastair Grant/Pool via REUTERS

British Prime Minister Theresa May arrives at a European Union leaders summit in Brussels, Belgium December 14, 2018. Alastair Grant/Pool via REUTERS

REUTERS/ POOL New

LONDON  - Sterling fell more than half a percent to below $1.26 on Friday after Prime Minister Theresa May returned from a visit to Brussels, where she attempted to win assurances from the European Union over her Brexit withdrawal agreement.

The trip, which has been cast by opponents as a failure, has not gone down well in currency markets, with the pound falling to a day's low of $1.2591 in early European trade.

The British currency also dropped 0.3 percent versus the euro to 90.025 pence.

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(Reporting by Tommy Reggiori Wilkes, editing by Larry King) ((thomas.wilkes@tr.com; Reuters Messaging: thomas.wilkes.thomsonreuters.com@reuters.net))

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