Sterling Drifts Lower as May Prepares 3rd Brexit Vote

Friday, 15 March 2019 15:28 WIB



The British pound is drifting lower against the dollar and euro early Friday in Europe, consolidating this week’s gains as the market takes stock of a tumultuous few days in the Brexit process.

Prime Minister Theresa May is preparing to ask lawmakers to vote on her twice-defeated Withdrawal Agreement with the EU for a third time next Wednesday, the BBC reported Friday. She’s hoping to convince die-hard Brexiteers in her own party that – since there is no majority in parliament for leaving without a transitional deal - her deal is the best option left to them.

At 03:00 AM ET (0800 GMT), GBPUSD was at 1.3226, down 0.1%, while GBPEUR was at 1.1675, down 0.3%. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.2% at 96.605.

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  • The British pound was holding steady on Wednesday, recovering some poise in the wake of a fall overnight after parliament forced a delay in the U.K. government's Brexit plans. Sterling slipped as low...



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