Pound falls as Theresa May sets Brexit process date
Sterling has fallen to its lowest level against the dollar since early July after the prime minister set a date for starting Brexit negotiations.
Theresa May said she would trigger Article 50, the clause needed to start the process, by the end of March 2017.
That means the UK is likely to leave the EU by mid-2019.
A short while ago the pound was down about 1% against the dollar at $1.2854 and nearly 1% against the euro at €1.1440.
Mrs May's announcement had "unsurprisingly, been bad news for the pound," said Connor Campbell, Spreadex financial analyst.
"Sterling has been... read more
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