Sterling falls after Britain refused to extend the Brexit period

Sterling fell today to its lowest level in more than a month after the British government refused to extend the period of Britain's exit from the European Union in addition to the failure to reach an agreement on the trade deal between Britain and the European Union.

The chief negotiator of the European Union, Michel Barnier, said that the third round of talks was disappointing and that the European Union will not compromise our values ​​in favor of the British economy, while the chief British negotiator David Frost said that the main obstacle to reaching an agreement is to ask the European Union to include a set of proposals New and unbalanced.

The pound fell against the dollar by 0.9% to 1.2115 dollars, its lowest level since March 26, as the British pound fell against the euro by 1% to record the European single currency 0.8973 sterling.