DJIA25826.96
LIVE147.06(0.57%)
NDX7459.32
LIVE82.62(1.12%)

Sterling gnaws at key level on Brexit hopes


Thursday, 24 January 2019 16:43 WIB

poundSterling,Poundsterling


c_740_198_16777215_00_images_assets_CURRENCY3_0pound-sterling-UK.jpg

Sterling consolidated gains on Thursday after rocketing to a 11-week high overnight on growing optimism that British lawmakers would be able to avoid a no-deal Brexit.

While a firmer dollar prompted currency traders to book some profits after a more than 2.3 percent rally in the pound so far this month, various market position indicators and derivative market signals are indicating more pound bullishness for now.

On Thursday, the British currency edged a fifth of a percent lower at $1.3038 after briefly scaling a 2-1/2 month high of $1.3094 in the Asian session.

It was trading just below a key market level of $1.3071, the 200-day moving average for the pound, a level it hasn’t traded above since May 2018.

The pound has been the biggest gainer this month in the G10 currency universe with its peers such as the dollar and the euro dogged by concerns of a spreading slowdown in the global economy.

Against the euro, the pound was slightly weaker at 87.05 pence.

Source: Reuters


RELATED NEWS

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.