Just in: Pound sinks into losses on Brexit deal rejection fears

Sterling sank into losses in chaotic trade on Thursday on fears that Britain’s Brexit deal might not win parliamentary approval, having earlier spiked close to $1.30 on news of the agreement.

At about 1225 GMT, the pound was down 0.28 percent against the dollar at $1.2795. The euro meanwhile rose 0.65 percent to 86.85 pence.

“After the initial relief that the UK government and EU have done a deal, markets are worried that it still does not have enough support to get through parliament on Saturday,” independent economist Julian Jessop told AFP.

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