"A lot of companies can't wait for the negotiations outcome in October, so of course are trying to hedge against a drop in the pound", said Christophe Barraud, an economist at Market Securities brokerage in Paris.
Sterling slid to $1.2842 in mid-morning trading, its weakest since 25 August 2017.
If the direction of travel persists, the FTSE 100 and the pound could soon be positively correlated for the first time since December 2016 - bad news for United Kingdom stocks, as sterling slumps to a near one-year low.
England v India: second Test, day two
On the stroke of lunch, the impressive Shami picked up his second wicket with a ball that kept low and cannoned into Root's pads. Anderson finished with five for 20, but he hailed the contribution of Chris Woakes , who took two wickets including the key...
But during periods of rising interest rates and higher inflation, this negative correlation has tended to reverse - a trend already noticeable in recent months and which has moved to zero a week after the Bank of England's recent quarter-point rate rise.
Against the euro, the pound has held up far better as demand for dollars has kept the euro on the back foot. The UK government has so far made little progress in agreeing on a post-Brexit trading deal with the EU.
"We remain bearish on the pound in the short term until the Brexit mess is out the way and look for the currency to enter a US$1.27-1.28 range before the leaders' summit in September", said Nomura strategist Jordan Rochester. The pound has lost more than 10 percent since April and is down nearly 15 percent since the Brexit Referendum in June 2016.
A lull in domestic data has meant that the Pound cannot gain any traction, but an assortment of data tomorrow, including quarterly GDP growth, could give Sterling a sorely-needed lift.
Against the euro, the pound hit a nine-month low after it passed the 90p mark once again yesterday.
Puts are an option to sell an asset and calls the right to buy an asset.
The Philippine government facilitated diplomatic clearance for U.S. assets involved in the search and rescue operation. It has also sought the assistance of the Philippine Coast Guard, which immediately deployed a ship on Thursday.
As the protest continued well into the night, riot police used a water cannon and increasingly sprayed tear gas into the crowd. Video footage posted on social media show police beating some nonviolent protesters holding their hands up.
That was six shots off the clubhouse lead held by compatriot Gary Woodland , whose halfway total of 130 was a tournament record. Woodland, even with the lowest 36-hole score in 60 years of stroke play at the PGA Championship, still had a long way to go.
The incident closed the Seattle airport to arrivals and departures for a short time, but flights have since returned to normal. Read out by family friend Mike Mathews, the statement said: "He was a faithful husband, loving son and a good friend.
The car-sized Parker Solar Probe is scheduled to blast off on a Delta IV Heavy rocket from Cape Canaveral. If the probe doesn't launch on Sunday, the window for a successful launch doesn't close until August 23.
CBA said Microsoft conducted an independent review of the CBA blockchain platform's architecture, security and resilience. Now that the World Bank Group has given CommBank this mandate, it's all systems go.
But people with moderate or average salt intake need not reduce their sodium intake, says a new study. Higher sodium intake was associated with lower rates of myocardial infarction and total mortality.
The Romanian broke the 15th-seeded Barty in the opening game and broke again for a 4-1 lead en route to taking the first set. She then raced through the second set 6-1 with minimum fuss. "I think I played smart tennis today, " Halep said.
An airline employee had stolen a 78-seat turboprop airliner and conducted a unsafe joyride, complete with loops and other stunts. Several federal agencies are investigating the incident, said Brad Tilden, the chief executive officer of Alaska Air Group .
'Great step forward' on energy plan
Opening the quarterly power bill is becoming more of a shock for many households as energy costs continue to rise. It's one of the Coalition's signature policies that has faced intense criticism.
Sarri's 'Spanish' Chelsea get off to ideal start
If you see the result, you think it was a very easy match, but in the first half it was very hard against physical opponents. Chelsea manager Maurizio Sarri insists that he is not looking to replicate his Napoli style at Stamford Bridge.
Books, real estate pace beat for News Corp
In the fourth quarter, the company claimed cable and satellite residential churn was 12.5% compared to 13.3% in the prior year. Bloomberg LP, the parent of Bloomberg News, competes with News Corp.in providing financial news and services.