Asian markets opened lower on Monday with the sterling tumbling about 0.5 percent to the dollar, while companies continue to report their earnings.
Sterling was last quoted down 0.40 percent against the dollar in early Asia trade, with the pound/dollar pair trading at USD 1.2415 at 8:18 a.m. HK/SIN, dropping from levels above USD 1.2500 in the previous session. Earlier, the pound fell a bit over 0.50%.
Japan’s Nikkei 225 was down 0.78 percent, with exporters likely under pressure from a relatively stronger yen, which traded at 112.06 to the dollar at 8:13 a.m. HK/SIN, strengthening from levels above 112.80 last week.
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