Sterling hit by May's comments, Brexit woes

London

STERLING fell on Thursday, undermined by concerns of a "hard" exit by Britain from the European Union and Prime Minister Theresa May's comments on the impact of loose monetary policy which some saw as a thinly-veiled attack on the central bank.

Mrs May, in a speech to the party faithful on Wednesday, raised the issue of the side effects of ultra-low interest rates and money-printing.