Sterling falls as traders cut positions before Brexit votes and BoE meeting
Monday, 18 June 2018 17:06 WIB | CURRENCIES |poundSterling,Poundsterling

The pound fell on Monday as the dollar strengthened, with traders reluctant to buy sterling ahead of a Bank of England policy meeting this week and another expected parliamentary confrontation over the government's Brexit plan.

With an escalating trade dispute between the United States and China keeping broader currency markets cautious, and little in the way of major British economic data scheduled for the next few days, analysts said the pound was expected to remain in a narrow range before Thursday™s central bank meeting.

Efforts by Prime Minister Theresa May to convince her party to back her Brexit plans will continue to weigh on the pound, however. Her plans face rejection by parliament™s upper chamber on Monday, setting the stage for a high-stakes and potentially destabilising confrontation with rebel lawmakers later in the week.

Sterling fell 0.3 percent to $1.3234 versus the dollar, not far from the seven-month low of $1.3205 hit late last month.

The pound also fell against the euro, dipping by 0.2 percent to 87.56 pence.

Source: Reuters

RELATED NEWS

US Dollar Index flat around 98.20, focus on trade, Jackson Hole
Monday, 19 August 2019 13:08 WIB

The Greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses within a narrow range at the beginning of the week around the 98.20 region. The upside momentum in the index is losing some traction on Monday, although the Greenback manages well to keep business above the key b...

Dollar Gains vs Franc, Yen as Mood Improves
Friday, 16 August 2019 15:27 WIB

Risk sentiment returned to the foreign exchange markets early Friday in Europe, with the Swiss franc and yen retreating against the dollar, and the dollar retreating against the pound as a week of turbulent newsflow drew to a comparatively quiet close. By 3:30 AM ET (07:30 GMT) the dollar index, wh...

Dollar holds onto gains, but sentiment remains fragile
Friday, 16 August 2019 08:20 WIB

The dollar held onto gains on Friday after a surge in U.S. retail sales eased concerns about the world's top economy, but traders cautioned against reading too much into one piece of data given the growing risks to the outlook. The greenback was on course for a weekly gain against safe-haven curren...

Sterling Bounces as Labour Prepares Bid to Avert No-Deal Brexit
Thursday, 15 August 2019 23:37 WIB

Sterling rose on Thursday to the highest in more than a week, supported by news that the opposition Labour Party was mounting a bid to bring down Prime Minister Boris Johnson and stop him taking Britain out of the EU without a deal. The currency also was lifted by better-than-expected retail sales,...

Dollar Steady, Yen Slips as Market Selloff Pauses
Thursday, 15 August 2019 15:18 WIB

The dollar was holding steady against a currency basket Thursday and the safe haven yen turned lower as a cautious calm returned to markets which have been roiled by a brutal selloff triggered by fears over the outlook for the global economy. The U.S. dollar index, which measures its value against ...

ANOTHER NEWS
US Dollar Index flat around 98.20, focus on trade, Jackson Hole
Monday, 19 August 2019 13:08 WIB The Greenback, in terms of the US Dollar Index (DXY), is alternating gains with losses within a narrow range at the beginning of the week around the 98.20 region. The upside momentum in the index is losing some traction on Monday, although the...

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.