Pound under pressure ahead of crucial Brexit vote

Markets Briefing

The pound slid to its lowest in three weeks in early trading on Monday as uncertainty over Brexit weighed on investors.

The UK currency, usually thinly traded in Asia-Pacific trading, fell as much as 0.5 per cent to $1.2947 as pressure builds over Prime Minister Theresa May’s leadership ahead of a crucial Brexit vote this week.

Equities were mixed across the region. Chinese markets swung back into positive territory after tumbling late last week on global growth worries. Australian stocks were on the back foot while Tokyo and Hong Kong saw mild gains.


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Markets Briefing is a concise look at global markets, updated throughout the trading day by Financial Times journalists in Hong Kong, New York and London. Feedback? Write in the comments below or send us an email.


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