Sterling held below $1.31 on Wednesday as Prime Minister Theresa May sought a Br...
LONDON - Sterling held below $1.31 on Wednesday as Prime Minister Theresa May sought a Brexit compromise with opposition leader Jeremy Corbyn in a last-ditch effort to end a national crisis.
May is holding talks with the Labour Party which sterling investors see as a gamble that could help a European Union divorce deal finally clear parliament or tear her ruling Conservative party apart. May turned to Labour after a hardcore eurosceptic group of Conservatives repeatedly rejected her divorce deal.
By 1500 GMT it was trading around $1.3155, up 0.2 percent on the day and against the euro it held near its strongest level since March. 27 at 85.03 pence.
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