DJIA25409.36
LIVE-351.82(-1.37%)
NDX8461.83
LIVE25.16(0.30%)

Brexit, Election Risks Keep Sterling Near One-Week Low VS Euro


Friday, 11 January 2019 00:15 WIB

poundSterling,Poundsterling


c_740_198_16777215_00_images_assets_CURRENCY2_12Pound-rate-today.jpg

Sterling hovered just off one-week lows against the euro on Thursday after British Prime Minister Theresa May lost two parliamentary votes in two days, adding more Brexit uncertainty and raising the prospect she may soon face a general election.

The UK currency clawed its way higher by 1615 GMT to trade at around 90.16 pence, having earlier slipped to as low as 90.59 pence. It was a whisker lower on the day versus the dollar at $1.2776, having traded down to $1.2729 .

Expectations for sterling volatility declined, however, after British lawmakers on Wednesday demanded that the government come up with a plan B within days if May loses a Jan. 15 parliament vote on her Brexit deal. The demand for a quick plan B has appeared to reduce the chances Britain will leave the European Union on March 29 without a deal on their future relationship.

Source : Reuters


RELATED NEWS

  • The Japanese yen returned as a beacon of safety on Friday, hitting a one-month high against the dollar as deepening worries about coronavirus sent global financial markets into a tailspin. Stocks are...

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.