The British pound fell on Tuesday after reports UK Prime Minister Boris Johnson ...
TOKYO - The British pound fell on Tuesday after reports UK Prime Minister Boris Johnson was seeking a hard line on Britain’s transition period after Brexit, while the Aussie dollar dropped on a downbeat tone from the nation’s central bank.
The move dashes hopes Johnson would take a flexible approach to the end-2020 deadline for a trade deal with the EU after Britain leaves the bloc, which now looks almost certain to happen on Jan. 31 following the landslide Conservative election win. Minutes of its December policy meeting out on Tuesday, showed the central bank’s board was concerned that wage growth was too weak to revive either inflation or consumption.
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