March 20, 2019 / 1:08 PM / a month ago

Pound hammered after May requests short Brexit delay

FILE PHOTO - Wads of British Pound Sterling banknotes are stacked in piles at the GSA Austria (Money Service Austria) company's headquarters in Vienna July 22, 2013. REUTERS/Leonhard Foeger/File Photo

LONDON (Reuters) - Sterling fell nearly one percent on Wednesday after Prime Minister Theresa May asked the European Union to delay Brexit until June 30, a shorter extension than some in the market had been expecting.

May also warned that a Brexit delay did not rule out a no-deal Brexit.

The British currency fell almost 1 percent to $1.3147 after May spoke, having earlier traded above $1.32.

Versus the euro, sterling skidded 1 percent to 86.39 pence.

Reporting by Tommy Reggiori Wilkes; Editing by Dhara Ranasinghe

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