Forex – pound drops for the Brexit

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com – The pound sterling has reversed its gains anticipated on Tuesday, dropping more than a cent against the dollar, falling to a low daily while the main advocate of the british government has stated that the risk to be taken indefinitely in a customs union with the EU remained unchanged, despite the concessions marginal made by the european Commission late Monday.

The GBP / USD declined 1.01% to 1,3015 at 07h32 (11h32 GMT), after reaching a peak of 1,3288 earlier in the day.

The pound sterling dropped after the attorney general of the United Kingdom, Geoffrey Cox, has said that changes to the withdrawal agreement concluded between the United Kingdom and the european Union have not eliminated the risk that the Uk is trapped in the so-called support irish.

“The legal risk remains unchanged, if this situation does not occur in the absence of such a breach demonstrable of one of the parties, but simply because of differences, the Uk would not have … no way legally to get out of the arrangements of the Protocol, unless there is agreement,” said Cox.

The notice was given before a parliamentary vote on the divorce agreement later in the day.

May said Monday that it had acquired “modifications are legally binding” agreement on the Brexit, which responded to concerns about the safety net for the irish, a sort of insurance policy is designed to prevent a firm boundary in Ireland.

The euro rebounded against the pound after the board, with the EUR / GBP bounces of 1.16% to 0,8646.

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