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  • Writer's pictureRCS Ottawa

Sterling steadies near three-year low vs. euro, eyes on post-Brexit data

Currency traders kept the pressure on sterling on Monday at the start of a week packed full of the first round of hard national data on consumer and corporate reaction to June's vote for Britain to leave the European Union.

The pound steadied after extending last week's fall to a three-year low against the euro in early trade in Asia, down 0.1 percent on the day at 86.40 pence compared to the low of 86.54 pence.

Weighed down by the dramatic fall in gilt yields since the launch of a new round of easing by the Bank of England 10 days ago, it was flat against a broadly weaker dollar at $1.2918. Full Story

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