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Sterling falls to 1-week low after election motion report

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Reuters
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Credit: REUTERS/DADO RUVIC

Sterling weakened to its lowest in a week on Thursday, extending previous losses, after media reports said Britain's government would take the first step towards calling an early national election on Monday.

LONDON, Oct 24 (Reuters) - Sterling weakened to its lowest in a week on Thursday, extending previous losses, after media reports said Britain's government would take the first step towards calling an early national election on Monday.

The pound was last down 0.9% at $1.2807 GBP=D3, a one week low. It also fell 0.5% against the euro to 86.63 pence, a six-day low. EURGBP=D3.

(Reporting by Olga Cotaga Editing by Julien Ponthus)

((olga.cotaga@thomsonreuters.com;))

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