Singapore — The pound fell in early Asian trading as investors brace for the start of the two-year negotiation for the UK to leave the EU. The pound fell as much as 0.6% to £1.2377/$, and was the worst performer among the Group of 10 (G-10), which saw muted trading. Some funds left it late in adjusting positions and then did so in poor liquidity, said a trader who asked not be identified as he was not authorised to speak publicly. Britain’s ambassador is expected to hand EU president Donald Tusk a letter at about 1:30pm local time in Brussels invoking Article 50 of the Lisbon Treaty. "Investors still nervous about the exit process are the likely sellers here," said Mansoor Mohi-uddin, a strategist at NatWest Markets, a unit of Royal Bank of Scotland Group. Otherwise, there was not any specific news that fuelled the selling, other than Prime Minister Theresa May signing the letter to trigger Article 50, he added. The dollar was mostly lower against its G-10 peers after Federal Reserv...
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