The British pound is recovering in early trade in Europe on Friday from a buffeting Thursday after the European Union agreed to only a minimal extension of the deadline for Brexit.
At 04:00 AM ET (0800 GMT), the GBP/USD pair was at 1.3144, having fallen briefly below 1.31 on Thursday as the risk of a disorderly ‘no-deal’ Brexit rose. The euro has also recovered against the dollar to $1.1388, up from Thursday’s low of $1.1346.
The dollar index, which measures the greenback against a basket of six major currencies, was at 95.722, down from a high of 96.088 on Thursday. That’s some 0.2% lower than it was before the Federal Reserve announced the results of its policy meeting on Wednesday.
Source : Investing.com