Sterling plummets on reports UK government could pull Parliament's vote on Brexit
A delay in the vote would be seen as an attempt by Prime Minister Theresa May's government to return to the negotiating table with the EU and seek terms more amenable to U.K. lawmakers.
Reports that Tuesday's Brexit vote in the U.K. parliament has been delayed by Prime Minister Theresa May has sent sterling reeling.
The pound fell to $1.266, a level not seen since June 2017, following several media reports that May had gathered senior aides at a Monday morning meeting in 10 Downing Street to discuss pulling the vote.
The pound also extended losses versus the euro, trading down by 0.7 percent to 90.18 pence.
The political editor of The Sun newspaper said on Twitter that the meeting would decide the fate of the vote.