Sterling slides to 27-month low, Asian markets quiet

Lola Evans
17 Jul 2019, 18 GMT+10

The British pound around the close in Sydney on Wednesday was quoted at 1.2391, a 27-month low
Stock markets in Asia were generally weaker on Wednesday, although Down Under, the Australian market perked up
China's Shanghai Composite lost a modest 5.92 points or 0.20% to 2,931.69

SYDNEY, Australia - The British pound fell to a more than two-year low on Wednesday amidst burgeoning concerns about Brexit, and ahead of crucial inflation data.

The U.S. dollar generally remained supreme Wednesday with most currencies cowering in its wake.

Stock markets in Asia were generally weaker on Wednesday, although Down Under, the Australian market perked up.

In Japan, the Nikkei 225 weakened by 66.07 points or 0.31% to 21,469.18.

China's Shanghai Composite lost 5.92 points or 0.20% to 2,931.69.

The Australian All Ordinaries jumped 28.20 points or 0.42% to 6,764.00.

The British pound around the close in Sydney on Wednesday was quoted at 1.2391, a 27-month low.

The euro was weak at 1.1209, while the Japanese yen slipped to 108.21. The Swiss franc was only slightly weaker at 0.9884.

The Canadian dollar was unchanged at 1.3065. The Australian and New Zelaand dollars were only a fraction lower at 0.7011 and 0.6719 respectively.

Overnight on Wall Street, the Dow Jones slipped to 27,335.63 by the close on Tuesday, for a loss of 23.53 points or 0.09%.

The Standard and Poor's 500 dropped 10.26 points or 0.34% to 3,004.04.

The Nasdaq Composite declined 35.39 points or 0.43% to 8,222.80.

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