DJIA26983.98
LIVE48.91(0.18%)
NDX7834.91
LIVE11.36(0.15%)

Sterling rises on Irish border hopes, weak dollar before EU summit


Monday, 17 September 2018 23:13 WIB

poundSterling,Poundsterling


c_740_198_16777215_00_images_assets_CURRENCY_Pound-coin-008.jpg

The pound on Monday hit a six-week high, helped by a weaker dollar and reports of progress on the Irish border question, an obstacle to Brexit diplomats will try to overcome this week at a European Union summit.

The United Kingdom is due to leave the EU on March 29 but no full exit agreement has been reached and some rebels in Prime Minister Theresa May’s Conservative Party have threatened to vote down a deal if she clinches one.

But sterling has benefited recently from reports on behind-the-scenes efforts to work out how to manage the Irish border if Britain also leaves the single market and customs union.

Sterling on Monday traded up 0.6 percent at $1.3157, its highest since August. It was flat against the euro at 88.91 pence..

The pound has reversed nearly all its losses against the dollar in August, when fears of a no-deal Brexit surged and last week it gained 1.2 percent.

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.