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Sterling faces biggest monthly drop in five months before May's Brexit deal vote


Friday, 29 March 2019 19:51 WIB

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The pound gained on Friday on growing hopes of support for British Prime Minister Theresa May's last-gasp attempt to win backing from lawmakers for her Brexit deal but was still on track for its biggest monthly drop in five months.

The rising uncertainty has battered sentiment towards the pound after some optimism that the United Kingdom would successfully avoid crashing out of the EU without a deal bolstered the British currency in recent weeks.

The currency rallied as much as 0.7 percent before trimming some gains to stand 0.4 percent up on the day at $1.3095. It was up 0.4 percent against the euro at 85.75 pence.

Source : Reuters


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