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Pound Inches Down as Traders Seek Guidance Over Brexit Talks


Thursday, 17 October 2019 13:08 WIB

DOLLARCurrencyPoundsterling


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The British pound inched down against the U.S. dollar on Thursday in Asia as traders sought guidance over Brexit negotiations.

The GBP/USD pair edged down 0.1% to 1.2822 by 12:25 AM ET (04:25 GMT) after the BBC cited a government source and said the U.K. and the European Union will not announce a deal on Brexit today. Other reports said that a deal could still be announced later in the week.

Reports of a "Phase 1" trade deal between the Washington and Beijing last week initially cheered markets, but the lack of details around the agreement has since dampened expectations.

The USD/CNY pair inched up 0.1% to 7.0975. The U.S. dollar index that tracks the greenback against a basket of other currencies was little changed at 97.738.

The AUD/USD pair rose 0.4% to 0.6784, the NZD/USD pair inched up 0.1%.

Source : Investing.com


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