Sterling extends fall vs dollar, nears one-year low

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Thu, 09 Aug 2018 - 08:49 GMT

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Thu, 09 Aug 2018 - 08:49 GMT

Some British sterling money in coins and bank notes is seen - REUTERS/Catherine Benson

Some British sterling money in coins and bank notes is seen - REUTERS/Catherine Benson

LONDON - 9 August 2018: Sterling extended losses on Thursday, falling 0.3 percent against the dollar to approach a one-year low as markets grow nervous Britain will leave the European Union without an agreement on its future relationship with the bloc.

The currency traded as low as $1.2842, the weakest since August 25 2017. It is down for the sixth straight day, having lost almost half a percent on Wednesday and is set for its biggest weekly loss since May.

Against the euro, the pound was flat at 90.1 pence just off 10-month lows touched on Wednesday.

The pound also fell against the Japanese yen, down 0.2 percent to 142.87 yen.

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