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British pound frail after key euroskeptic ministers quit [Reuters]

BANK of NEW YORK MELLON (BK)  More Company Research Source: Reuters
Last bank of new york mellon earnings: 10/18 06:30 am Check Earnings Report
PDF British pound frail after key eurosceptic ministers quit | Reuters 3 Min Read TOKYO (Reuters) - The British pound was frail on Tuesday after the departure of two key eurosceptic ministers raised worries about a “hard Brexit” while the dollar stood near three-week lows against its rivals after data showed soft U.S. wage growth. Sterling stood at $1.3253, having fallen to as low as $1.3189 on Monday, after Prime Minister Theresa May’s foreign minister and Brexit negotiator quit in protest at her plans to keep close trade ties with the European Union. The currency regained some ground after several Conservative lawmakers said May is likely safe from a leadership challenge despite the resignation of Boris Johnson and Brexit minister David Davis. Still, their departures shatter May’s own proclamation of cabinet unity last Friday, when she said she believed she had, after two years of wrangling, secured agreement on Britain’s biggest foreign and trading policy shift in almost half a century [Read more]

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