Sterling fell to 11-month low against the dollar.
IAN McCONNELL
STERLING fell to an 11-month low of $1.2920 during yesterday’s session, following International Trade Secretary Liam Fox’s remark that there was a 60-40 chance the UK would exit the European Union in March without reaching a deal.
The pound recouped some of its earlier losses to trade around $1.2946 at 5pm yesterday in London, but this was well down on its pre-weekend close of $1.3019. Sterling also lost ground against the euro. The single currency was trading around 89.31p at 5pm yesterday, up from 89.07p at the close in London on Friday.
Bank of England Governor Mark Carney warned last week that the risks of a no-deal Brexit were “uncomfortably high”.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here