Sydney — Sterling slid to three-month lows in Asia on Monday with investors again spooked by concern over Britain’s exit from the EU, while US policy uncertainty lingered ahead of president-elect Donald Trump’s inauguration. Regional share markets were hesitant with MSCI’s broadest index of Asia-Pacific shares outside Japan up just 0.09%. Japan’s Nikkei eased 0.3%, while Australia added 0.5%. All the early action was in currencies where the pound sank as low as $1.1983, depths not seen since the flash crash of October, having finished around $1.2175 in New York on Friday. It was last down 1.1% at $1.2044. Dealers said the market was reacting in part to a report in the Sunday Times that UK Prime Minister Theresa May would use a speech on Tuesday to signal plans for a "hard Brexit", quitting the EU’s single market to regain control of Britain’s borders. Investors have been worried such a decisive break from the single market would hurt British exports and drive foreign investment out ...
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