WELLINGTON (Reuters) - Sterling opened lower in Asian trading on Monday after a UK parliament vote on Prime Minister Boris Johnson’s Brexit withdrawal deal over the weekend was delayed.
The UK parliament on Saturday withheld its approval to vote on Johnson’s Brexit deal until formal ratification legislation is passed. However, strategists say rising confidence that a disorderly exit from the European Union will be avoided should limit any sell-off.
Sterling opened down 0.6% at $1.2915, after closing just below the $1.30 mark on Friday.
Reporting by Praveen Menon; Editing by Susan Fenton