Sterling inches lower on skepticism over Brexit transition deal
Thursday, 15 March 2018 17:08 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling hovered below its highest level in nearly two weeks on Thursday, falling slightly against both the dollar and the euro amid some skepticism over the prospect of a smooth transition deal for Britain in Brexit negotiations.

The pound hit its highest level since Feb. 27 this week, helped by an upbeat assessment of Britain™s economy by British finance minister Philip Hammond and a broader weakening of the dollar that was spurred by U.S. President Donald Trump™s sacking of his Secretary of State Rex Tillerson.

By 09:35 GMT the pound was flat at $1.3965. It was flat at 88.57 pence per euro.

Source: Reuters

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