Sterling rallies as PM May seeks Brexit extension
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] The pound rallied against the euro and the US dollar on Tuesday after Prime Minister Theresa May said Britain needs a further extension of Article 50 to ensure it leaves the European Union in a timely manner.
Fears that the United Kingdom may crash out of the EU without a deal by April 12 had pressured the pound earlier on fears of a protracted Brexit logjam.
The pound rallied as much as 0.3 per cent against the dollar to above US$1.31. It strengthened against the euro to 85.49 pence.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
