In an unexpected televised statement by UK PM Theresa May after the Salzburg summit, she expressed her frustration about the Brexit negotiation with EU and warned of consequences if EU failed to respect the Referendum.
Sterling had fallen almost 1 percent in trading Friday prior to the speech and was down by 1.3 percent after.
Britain is due to leave the European Union on March 29, 2019
Brexit campaigner and ex British foreign secretary Boris Johnson previously accused May of week negotiation with EU. In this speech, May seemed tough and angry.