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

Sterling, British Stocks Ride Rollercoaster of Brexit Deal Hopes


Wednesday, 16 October 2019 23:39 WIB

poundSterling,Poundsterlingpoundeuro


c_740_198_16777215_00_images_assets_CURRENCY2_9371_840x576.jpg

Sterling swung around five-month highs on Wednesday and stocks in London cut their losses amid a blizzard of contradictory headlines about whether Britain and the European Union were on the verge of agreeing a Brexit deal.

In another volatile day of trading for UK assets, financial markets remained hostage to news as British Prime Minister Boris Johnson and EU negotiators raced against the clock to forge a withdrawal agreement before an EU summit on Thursday.

Negotiators were struggling to clinch an 11th-hour deal, raising the chances that Johnson will have to seek an extension of the Oct. 31 deadline for Britain’s exit from the bloc.

Sterling has surged some 5% since late last week, when London and Brussels restarted intense negotiations. At 15:40 GMT, sterling was up 0.5% at $1.2844, having earlier rallied to $1.2855, a new 5-month high, on optimism that the DUP was coming round to a deal. Against the euro, the pound was 0.2% stronger on the day at 86.160 pence - but off five-month highs hit earlier.

Source : Reuters


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.