Forex

Sterling falls as London requests Brexit delay

2019-03-20 19:41:58 GMT (Economies.com)

The British pound fell against the dollar on today's trading after the British government led by Prime Minister Theresa May announced that she would request Brussels to delay the UK exit from the European Union.

 

London announced on Tuesday that it would postpone the date of the European Union's Exit from March 29th to June 30th.

 

If the request is rejected, Britain will leave the European Union, whether by agreement or without, despite the British parliament approval on a proposal suggesting not to go out without agreement.

 

French officials have hinted that France won't agree of Brexit delay unless the UK advanced a strategy or a plan for the London parliament to pass the Brexit agreement.

 

An European Commission official also made a similar statement, calling "May's" government to provide a rationale reason for her request to extend the Brexit  deadline.

 

In terms of trading, by 18:32 GMT, the pound fell against the dollar by 0.2% to 1.324, with its highest at 1.3275 and the lowest at 1.3146.

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