DJIA26935.07
LIVE-159.72(-0.59%)
NDX7823.55
LIVE-78.24(-0.99%)

Sterling edges down as UK cabinet reshuffle eyed


Monday, 8 January 2018 18:15 WIB

poundPoundsterling


c_740_198_16777215_00_images_assets_CURRENCY2_GBPfocus.jpg

Sterling edged down against the dollar on Monday as investors eyed a reshuffle of Britain’s cabinet, though most said that bar any major surprises, the changes would be unlikely to significantly move the pound.

Prime Minister Theresa May said on Sunday she would announce changes to her ministerial team soon, with media reports saying her foreign, finance, interior and Brexit ministers would keep their jobs in a reshuffle starting on Monday.

Sterling has been trading between $1.30 and $1.36 since September, and traders say it will take major new developments in Brexit discussions - or a run of strong economic data that brings the timing of the next Bank of England interest rate hike forward - for the currency to break out of that range.

It inched down 0.3 percent to $1.3530 on Monday.

Source: Reuters                 


RELATED NEWS

  • The yen rose from a seven week low against the U.S. dollar on Thursday after the Bank of Japan kept monetary policy on hold, in the wake of the Federal Reserve’s overnight decision to cut rates. The ...

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.