Sterling Weakens on Surging Dollar, Brexit Uncertainty
Thursday, 27 September 2018 23:17 WIB | CURRENCIES |poundSterling,Poundsterling

The pound slumped on Thursday on the back of broad dollar gains after a U.S. rate hike, and with investors still nervous about the outcome of negotiations on the terms of Britain's planned exit from the European Union..

Sterling fell 0.6 percent to $1.3097, edging down towards a one-week low of $1.3042 hit last week. Against the euro, the British currency was broadly flat at 89.03 pence.

"Political headlines continue to drive any price action on sterling with broad risk appetite muted," said Manuel Oliveri, a currency strategist at Credit Agricole in London.

Source : Reuters

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