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Pound Nurses Losses on Renewed Brexit Uncertainty, Dollar Awaits Fed


Wednesday, 30 January 2019 07:50 WIB

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The pound nursed losses early on Wednesday on fresh concerns about the possibility of a “no-deal” Brexit, while the dollar held steady ahead of the Federal Reserve’s policy decision.

Sterling was little changed at $1.3078 but retreated 0.7 percent overnight as lawmakers rejected a proposal to give parliament a path to prevent a potentially chaotic hard exit. Britain is due to leave the EU on March 29.

Last week, the pound hit $1.3218, its highest since mid-October, on hopes that London might avoid a no-deal departure from the European Union.

Source : Reuters


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