November 14, 2018 / 7:52 PM / a month ago

Sterling pares losses after UK cabinet backs Brexit deal

NEW YORK (Reuters) - Sterling scaled back its losses against the euro and dollar on Wednesday after Britain’s Prime Minister Theresa May said her cabinet backed her Brexit deal.

At 2:44 p.m. (1944 GMT), the pound GBP=D3 was up 0.29 percent at $1.3006, while the euro EURGBP=D3 was marginally higher on the day at 87.105 pence.

Reporting by Richard Leong; Editing by Susan Thomas

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