Jordan Rochester, currency strategist at Nomura, said in a note the pound could fall toward $1.18 against the dollar if Mrs. May rules out single-market access. In other currencies, the WSJ Dollar Index, which tracks the dollar against a basket of 16 currencies, fell 0.7% on Tuesday. Stocks in Shanghai recovered from early losses to rise 0.2%, ending a five-day losing streak, while the Hang Seng Index added 0.5%. Australia’s S&P/ASX 200 index fell 0.8%, erasing Monday’s gains, amid declines in bank and mining stocks. In government bonds, yields on 10-year U.S. Treasury notes fell to 2.332% from 2.380% on Friday, while German bund yields fell to 0.209% from 0.256% Monday.

Source: Wall Street Journal January 17, 2017 08:49 UTC