Pound falls after PM May Brexit transition comments, large order
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FILE PHOTO: An English ten Pound note is seen in an illustration taken March 16, 2016. REUTERS/Phil Noble/Illustration/File Photo
LONDON (Reuters) - Sterling turned negative on Monday, with traders pointing to comments from Prime Minister Theresa May that an extension of the Brexit transition period was unlikely as the possible reason, as well as market talk of a large euro purchase.
The pound fell as much as 0.3 percent to hit a day's low versus the dollar of $1.2796
Against the euro, the pound also dropped to the day's low of 89.32 pence
(Reporting by Tom Finn; Editing by Tommy Wilkes)
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