LONDON (Reuters) - Sterling GBP=D3 skidded to levels last traded in April 2017 on Tuesday, as investors worried the next British prime minister would take the country on a course towards a no-deal Brexit.
Eurosceptic politician Boris Johnson and his rival Jeremy Hunt, who are vying to be Britain’s new prime minister, both sought to burnish their Brexiteer credentials in a political debate late on Monday, reviving fears of a no-deal Brexit among traders.
Sterling dropped 0.9% to $1.2409 GBP=D3, its weakest since April 2017. The pound also weakened to new a six-month low versus the euro EURGBP=D3 of 90.42 pence, down 0.5% on the day.
Reporting by Olga Cotaga; Editing by Tommy Wilkes