DJIA39807.37
LIVE47.29(0.12%)
NDX18254.69
LIVE-26.15(-0.14%)

Pound Declines as No-Deal Brexit Concerns Intensify


Tuesday, 30 July 2019 09:25 WIB

PoundsterlingGBP/USD


The pound dropped against all its major peers, breaching an option barrier, on growing fears that U.K. Prime Minister Boris Johnson will opt for a no-deal Brexit.

GBP/USD fell as much as 0.5%, slipping below 1.22 for the first time since March 2017. Johnson warned he won’t start Brexit talks unless the European Union agrees to his demand to reopen the deal they struck with his predecessor

“Boris Johnson putting together a brigade of Brexiteers to take a hard line with the Europeans is seeing markets reacting negatively,” said Kyle Rodda, an analyst at IG Markets Ltd. in Melbourne. “The rates futures curves in the U.K. show an increased chance the Bank of England will cut rates next year as markets price a hard Brexit shock to the economy, and that’s also weighing on the currency”.

Source : Bloomberg


RELATED NEWS

  • The dollar was slightly offered, heading for a second day of losses amid very thin flows as traders took to the sidelines ahead of a slew of policy-rate decisions due this week. The Bloomberg Dollar ...

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.