The UK Sterling fell to new lows on Tuesday trading as the market speculation about no-deal Brexit widened. Britain’s currency dropped 0.51 % to 1.2154 dollars. It has fell 4.3 % since the end of June.

The no-deal Brexit speculations widened because of the comments of the new Prime Minister Boris Johnson related to the exit. According to him, the UK would like to negotiate a new deal with the EU, but if this is not going to happen, he is ready and according to his remarks, the Government is also ready to take the UK out of the block without a deal if needed.

The stock markets were trading also down in Europe. In London, the FTSE 100 index was down 0,29 % to 7664 points, in Germany the DAX index was down 2,22 % to 12 142 points and in France the CAC40 -index was trading down 1,53 % to 5515 points.

In Asia, the Nikkei 225 index closed up 0,43 % to 21 709 points and the Hang Song in Hong Kong closed up 0,14 % to 28146 points.

 

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