LONDON: The pound fell sharply on Wednesday (Mar 20) after Prime Minister Theresa May announced Britain was seeking a delay to its exit from the ...
LONDON: The pound fell sharply on Wednesday after Prime Minister Theresa May announced Britain was seeking a delay to its exit from the European Union until Jun 30, while investors awaited the US Federal Reserve's interest rate call.
May had been widely expected to ask the bloc for an extension of the Mar 29 deadline for leaving, having seen her exit proposals twice rejected MPs. But dealers have been spooked by a report that some US officials are feeling some pushback from China on a number of demands, including on the crucial issue of intellectual property.
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