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Sterling falls as Brexit headlines eyed


Thursday, 27 September 2018 15:56 WIB

Dolar EuroSterling,Poundsterling


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The British currency tumbled on Thursday on the back of broad dollar gains after a U.S. rate hike, and as investors waited for more Brexit-related headlines in the absence of any fresh economic drivers.

Sterling fell more than a third of a percent to $1.3109 and edging towards a one-week low of $1.3042 hit last week. Against the euro, the British currency was broadly flat at 89.23 pence.

The dollar rose against its rivals and particularly against the euro after the U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy while sentiment towards the single currency was dogged by Italian budget concerns.

Reuters


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