Sunday 16 June 2019

Sterling falls on UK Attorney General comments

Photo: Joe Giddens/PA Wire
Photo: Joe Giddens/PA Wire Business Desk Business Desk

Sterling has fallen over 1pc against the Euro after the UK Attorney General Geoffrey Cox said yesterday’s revised Brexit deal will not remove the legal risks on the Irish backstop.

Sterling fell 1.48pc to €1.1590.

The pound had rallied earlier in the day after UK Prime Minister Theresa May won Brexit assurances from Brussels.

However, Mr Cox’s comments this morning will give pro-Brexit Parliamentarians an excuse to vote against Mrs May's deal later tonight in the House of Commons.

 More to follow

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