DJIA27783.59
LIVE92.10(0.33%)
NDX8259.81
LIVE-3.98(-0.05%)

Sterling Rises on Speculation of U.K. Softening Brexit Stance


Friday, 13 September 2019 23:45 WIB

poundSterling,PoundsterlingGBP/USD


c_740_198_16777215_00_images_assets_CURRENCY3_0Britispounds.jpg

The pound rose on Friday on a newspaper report that the U.K. government is contemplating some type of regulatory divergence between Northern Ireland the U.K. in an attempt to secure a Brexit deal.

According to The Times, Northern Ireland's DUP would be willing to accept some EU regulations following a U.K. withdrawal from the EU -- replacing the Irish backstop proposal -- raising some hopes of a new deal. But the DUP denied the report shortly afterwards.

GBP/USD jumped 0.8% to 1.2431 as of 10:35 AM ET (14:35 GMT) as traders continued to move out of short positions on sterling following the report.

The euro inched up, with EUR/USD rising 0.1% to 1.1071.

Elsewhere, the U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, fell 0.1% to 98.243 as hopes of a trade truce between the U.S. and China lead to a safe-haven selloff.

Source : Investing.com


RELATED NEWS

  • The U.S. dollar was unmoved on Wednesday after prepared remarks from Federal Reserve Chairman Jerome Powell. Powell, who is testifying in front of Congress, said that while the economy is on track ri...

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.