Sterling Hovers Above 3-Day Lows as Brexit Caution Dominates
Thursday, 27 December 2018 17:28 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling held above a three-day low on Thursday as investors remained sidelined awaiting another round of Brexit developments, as a broadly weaker dollar offered some support to the struggling British currency.

Against the dollar, the pound was broadly steady at $1.2635 after climbing as much as 0.2 percent to $1.2665 in the Asian session. Versus the euro, the pound was down 0.4 percent at 90.14 pence.

Prime Minister Theresa May will try to convince lawmakers to back her Brexit withdrawal arrangement next month, and then seek parliamentary approval for her deal in what could be a make-or-break moment in her struggle to avoid a disorderly exit from the European Union in March.

Source : Reuters

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