European Session – Hard Brexit fears drive sterling to fresh 3-month low
Posted on October 3, 2016 at 2:44 pm GMTSterling looks set to start the third quarter on a weak footing as it plummets 1% on fresh concerns that the UK could be heading for a ‘hard Brexit’. Fears were heightened after the British PM, Theresa May, outlined for the first time the expected timetable of when the government would trigger Article 50. Speaking at the Conservative party conference over the weekend, May signalled that Britain would seek to regain full control of immigration and withdraw from the jurisdiction [..]