Data from Investing says that the pound fell to a one-month low against the dollar and a three-week low against the euro, with the perception that the UK government has put the prospect of a disorderly Brexit back on the agenda.
Prime Minister Boris Johnson signaled on Monday that he was unwilling to comply in the future with the Withdrawal Agreement that his government signed last year. The agreement forms the basis for an 11-month transition period during which the reality of leaving the EU's single market has, for all practical purposes, been suspended. This transition period ends on December 31.
UK equities fell less than European equities, due to currency effects that increase the sterling value of foreign earnings for UK listed companies. The FTSE 100 fell 0.3%.
Prime Minister Boris Johnson signaled on Monday that he was unwilling to comply in the future with the Withdrawal Agreement that his government signed last year. The agreement forms the basis for an 11-month transition period during which the reality of leaving the EU's single market has, for all practical purposes, been suspended. This transition period ends on December 31.
UK equities fell less than European equities, due to currency effects that increase the sterling value of foreign earnings for UK listed companies. The FTSE 100 fell 0.3%.