Breather for sterling; Mexican peso surges

London

THE British pound steadied on Monday as the US dollar took back some of Friday's losses against a range of currencies, while the Mexican peso surged after the damaging publication of a video of Donald Trump making vulgar comments about women.

The Bank of England's trade-weighted index, which did not price during sterling's 10 per cent off-session crash in Asia on Friday, hit its lowest since 2009 as worries about the impact of Britain's exit from the European Union continued to weigh.