Sterling to take a pasting if UK seeks no extension for EU trade talks - Reuters poll

LONDON (Reuters) - Sterling will lose recent gains against the dollar and weaken further if Britain does not ask for an extension to its Brexit transition period by a June 30 deadline to allow more time for talks on a trade deal with the EU, a Reuters poll found.The currency has strengthened this week, trading at a one-month high of around $1.26 on Wednesday, as Britain indicated that it might be willing to compromise on some sticking points to reach a final Brexit deal.Talks between the two..