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Sterling falls as investors await EU response on Brexit delay


Thursday, 24 October 2019 16:16 WIB

Currency EuropoundPoundsterling


c_740_198_16777215_00_images_assets_CURRENCY3_0ne-pound-coin.jpg

Sterling fell on Thursday as investors awaited the European Union's decision on whether to grant Britain a Brexit extension and for how long.

After surging to a 5-1/2 month high on Monday, the pound has been back under pressure after lawmakers in the UK blocked Prime Minister Boris Johnson's plan to push through a Brexit withdrawal agreement and get the UK out of the EU on Oct. 31.

Johnson has vowed to seek a general election if Brexit is delayed until January, although many analysts doubt whether there is sufficient support in the British parliament for a pre-Brexit election.

On Thursday, the British currency weakened 0.2% to $1.2875 , while against the euro it dropped 0.2% to 86.315 pence per euro.

Source : Reuters


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