Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Pound falls as prime minister sets out Brexit timetable

Sterling fell to a three-year low against the euro yesterday after prime minister Theresa May outlined the timetable for starting Brexit negotiations.

It also hit its lowest level against the dollar since the beginning of July, the BBC reported.

On Sunday, the prime minister said she would trigger article 50 of the Lisbon Treaty, the clause needed to start the UK’s exit from the European Union, by the end of March 2017. The UK is likely to leave the EU by mid-2019.

The pound fell by about 1% against the euro to €1.14 on Monday morning, but it had recovered slightly by late evening. However, it was still down almost 1% against the dollar, hitting a low of $1.28.



Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.