Brexit delay request sends pound reeling

The pound fell sharply on Wednesday after Prime Minister Theresa May announced Britain was seeking a delay to its exit from the European Union until June 30, while investors awaited the US Federal Reserve's interest rate call."The pound's Wednesday only got worse after the confirmation that Theresa May is seeking a short delay from the EU, one that arguably does not give the government enough time to get through a sterling-positive Brexit deal," Spreadex analyst Connor Campbell told AFP.