Monday, 24 December 2018 15:52 WIB |
The pound rose against a broadly weaker dollar in muted trading at the start of a holiday-shortened week. U.K. government bonds were little changed.
Sterling climbs 0.3% to $1.2676, after gaining 0.5% last week. Pound is little changed at 89.84 pence per euro.
Dollar slips amid concerns over the Fed™s autonomy and the extension of a partial U.S. govt shutdown.
No U.K. economic data due Monday.
Parliament is in recess until Jan. 7.
Prime Minister Theresa May™s allies are making plans that would keep her in office for more than two years after Brexit, the Sunday Times reported, citing a senior cabinet minister it didn™t name.
Ten-year gilt yield slips 2bps to 1.30%; rose to 1.34% Friday, highest level since Dec. 4.
U.K. financial markets will be closed Dec. 25-26. Trading resumes on Dec. 27.