Sterling touches 30-month low on firmer dollar and Brexit fears

Credit: REUTERS/THOMAS WHITE

Sterling sank to a 30-month low on Thursday, pressured by a stronger dollar and renewed worries that Britain could crash out of the European Union on Oct. 31 without a trade agreement in place.

By Olga Cotaga

LONDON, Aug 1 (Reuters) - Sterling sank to a 30-month low on Thursday, pressured by a stronger dollar and renewed worries that Britain could crash out of the European Union on Oct. 31 without a trade agreement in place.

The pound plunged to a low of $1.2101 overnight in Asia, its lowest since January 2017, after the U.S. Federal Reserve cut interest rates but didn't sound as dovish as many expected. In early European trading, the currency was last down 0.3% at $1.2128.

Against the euro, sterling was neutral at 91 pence.

(Reporting by Olga Cotaga Editing by David Goodman)

((olga.cotaga@thomsonreuters.com; +442075421344;))

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