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Pound pauses after UK parliament gives nod to Brexit delay


Friday, 15 March 2019 08:35 WIB

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The British pound paused for breath on Friday after the UK parliament voted overwhelmingly to seek a delay in Britain's exit from the European Union while the yen looked to the Bank of Japan's guidance on its policy later in the day.

Sterling fetched $1.3253, having slipped further from Wednesday's nine-month high of $1.3380, with its fall of 0.76 percent on Thursday.

Against the euro, the pound retreated to 85.25 pence from Wednesday's 22-month peak at 84.725.

British lawmakers approved a motion setting out the option to ask the EU for a short delay if parliament can agree on a Brexit deal by March 20, or a longer delay if no deal can be agreed in time.

The pound was mostly steady after the motion was passed late on Thursday.

Source: reuters


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