DJIA25315.92
LIVE-128.42(-0.50%)
NDX7141.21
LIVE33.98(0.48%)

Sterling slips before EU summit next week


Friday, 12 October 2018 16:30 WIB

poundSterling,Poundsterling


c_740_198_16777215_00_images_assets_CURRENCY_money-pounds-1358322493Lbt.jpg

Sterling edged lower on Friday as investors booked profits after a rally, though the British currency is poised for a second consecutive week of gains on growing optimism about a Brexit deal at a European Union Summit next week.

Underscoring the British pound's gains has been favourable comments from EU Brexit negotiator Michel Barnier earlier this week that an agreement with Britain could be 'within reach' next week.

Negotiators from both sides have been locked in talks this week to overcome differences on the biggest outstanding hurdle to a deal - how to keep the UK frontier with the Irish republic free of border checks after Britain leaves the EU in March.

The British currency slipped 0.2 percent lower but is down 0.4 percent from the day’s highs at $1.3207. Against the euro, it was broadly steady at 87.60 pence.

Brexit negotiations have changed pace and have become more positive over the past week, though there are still some big differences to resolve, British finance minister Philip Hammond said.

Source: Reuters


RELATED NEWS

POPULAR NEWS

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.