The sterling was weaker against all major currencies this morning ahead of a key summit meeting to discuss Brexit.
The pound fell against the
London shares down, continental stocks rally
The sterling lost 0.15% against the euro at €1.1247 and a similar 0.14% against the dollar at $1.3139. Against the yen, it dropped 0.06% to 147.1050 yen.
Prime Minister May is hoping to rally support for her version of Brexit, but a huge amount of uncertainty remains as to what will happen between now and 29 March next year, when Britain is due to end what will have been 46 years in the EU and its predecessor, the European Community.
Heads of the remaining 27 EU governments will discuss her remarks among themselves on Thursday.
Stock markets were higher also in
The Prime Minister will address fellow leaders over dinner, pressing the case for her so-called Chequers plan for relations between the UK and EU after Brexit. Britain would use a common rulebook for goods, including agricultural products, but would diverge from EU regulations in relation to services.