© Reuters. FILE PHOTO: Illustration photo of the British pound Sterling and US Dollar notes
LONDON (Reuters) — Sterling fell almost half a percent against the dollar in a minute on Monday, with traders citing a Bloomberg headline, the Brexit negotiations could be heading for a breakdown.
The pound fell to the day low of $1.3246 , was trading around $1.3291 in advance, so that it is 0.2 percent on the day.
«(The train) is a square, the phrase «Brexit breakdown»,», said Mizuho, the head of hedge-Fund currency sales, Neil Jones. «The correlation is still there – any proposal that creates a heavy British EU exit to sell, substantial sterling.»