December 17, 2019 / 12:06 AM / a month ago

British pound falls more than 0.5% after report on Brexit transition period deadline

FILE PHOTO: UK pound coins plunge into water coloured with the European Union flag colours in this illustration picture, October 26, 2017. REUTERS/Dado Ruvic

TOKYO (Reuters) - The British pound fell more than 0.5% in early Asian trade on Tuesday after a media report that British Prime Minister Boris Johnson will write into law that the arrangements for the United Kingdom to leave the European Union must end by Dec. 31, 2020.

The pound fell to as low as $1.3236, down 0.7% from late U.S. levels on Monday following the report by British broadcaster ITV.

Reporting by Hideyuki Sano; Editing by Sandra Maler

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