Sterling drops as dollar gains, caution sets in after Brexit deal optimism
Monday, 8 October 2018 15:58 WIB | CURRENCIES |poundSterling,Poundsterling

The British pound fell on Monday as the dollar rallied and traders re-assessed the chances of a breakthrough in Brexit negotiations after the encouraging headlines seen in recent days.

European Union negotiators said on Friday an agreement with Britain was 'very close' and European Commission President Jean-Claude Juncker said on Saturday a deal would be reached in November, if not this month.

That had helped push the pound up above $1.31, but investors booked profits at the start of this week, with some still cautious about whether a Brexit agreement was likely.

The pound dropped half a percent to as low as $1.3054 against the dollar, with a broader sell-off across markets and a rush into the safety of the U.S. currency also sending sterling lower.

Versus the euro, the British currency weakened 0.1 percent to 87.955, slightly below 3 1/2-month highs touched at the end of last week.

Concerns about a row between Brussels and Rome over Italy's proposed budget deficit targets have added to the euro's woes in recent sessions.

Source: Reuters

RELATED NEWS

Dollar Gains as Traders Trim Rate Hopes Before Powell Speech
Friday, 23 August 2019 15:20 WIB

The dollar was broadly higher in early trading in Europe Friday in generally quiet trading ahead of a keenly-awaited speech by Federal Reserve Chairman Jerome Powell at 10 AM ET (14:00 GMT). At 3:30 AM, the dollar index, which tracks the greenback against a basket of currencies, was up some 0.2% fr...

Dollar In Holding Pattern Ahead Of Fed Speech, Kiwi Jumps On RBNZ Comments
Friday, 23 August 2019 08:46 WIB

The dollar held steady in Asia on Friday on expectations U.S. Federal Reserve Chairman Jerome Powell would stick with his message that the central bank has not entered a prolonged monetary easing cycle. Powell gives a highly-awaited speech later Friday at a meeting of central bankers in Jackson Hol...

Dollar Slips, Euro Pushes Higher after PMI Data
Thursday, 22 August 2019 15:16 WIB

The dollar slipped lower on Thursday as expectations for further Federal Reserve rate cuts waned, while the euro gained ground after Eurozone private sector data boosted hopes that the bloc's economy could avoid a recession. The dollar was down 0.2% at 1.1104 euro by 03:47 AM ET (07:47 GMT) after F...

Dollar Holds Gains After Fed Minutes Temper Rate Cut Expectations
Thursday, 22 August 2019 09:08 WIB

The dollar held gains on Thursday after minutes from the Federal Reserve's last policy meeting hosed down some aggressive expectations the central bank would embark on a series of deep interest rate cuts. Asian currencies are expected to trade in tight ranges on Thursday ahead of U.S. Federal Reser...

Dollar Hovering Near 3-Week Highs ahead of Fed Minutes
Wednesday, 21 August 2019 15:11 WIB

The U.S. dollar was hovering just below three-week highs in subdued trade on Wednesday as investors looked ahead to the minutes of the Federal Reserve's July meeting later in the day for fresh clues on the monetary policy outlook. The Fed cut rates for the first time since 2008 last month in what C...

ANOTHER NEWS
Abe: Seoul's Ending of Intelligence Deal Damages Mutual Trust
Friday, 23 August 2019 17:13 WIB Japan's prime minister said Friday that South Korea's decision to end a military intelligence sharing deal with Tokyo damages mutual trust. Shinzo Abe, speaking a day after Seoul announced its decision, said Tokyo œwill continue to closely...

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.