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GBP/USD: UK Pound falls amid lingering Brexit worries

By Jeff Davies

The British pound continued to slide on Friday amid the persisting concerns related to the country’s departure from the European Union.

Yesterday, London Mayor Sadiq Khan urged Prime Minister Theresa May to revoke Article 50 of the Lisbon Treaty and cancel London’s divorce from Brussels. Khan pointed out that the worst case scenario would be if the UK leaves the EU without a deal.

Meanwhile, the European Court of Justice (ECJ) is set to formally rule on Monday whether London can unilaterally decide to cancel Brexit.

Sterling fell 0.30% against the dollar (GBP/USD) to sell for 1.2749 at 09:41 am GMT. The euro (EUR/GBP) advanced 0.14% against the pound to change hands for 0.8913 at 09:41 am GMT. The pound lost 0.20% against the yen (GBP/JPY) to go for 143.8435 at 09:42 am GMT.

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