Sterling Lifted By Report That Britain Will Delay Brexit Date
Friday, 11 January 2019 23:28 WIB | CURRENCIES |poundSterling,Poundsterling

The pound jumped on Friday on growing expectations that Britain will seek to delay its scheduled departure date from the European Union.

A denial by Prime Minister Theresa May™s spokeswoman of a newspaper report knocked sterling off highs but it remained up on the day, with analysts citing a growing sense among some investors that Britain will not be leaving the EU on March 29.

On Friday sterling rose as much as 0.6 percent to $1.2851, its highest since late November, before settling around $1.28. The British currency is headed for its best week since early November.

Against the euro the pound gained 0.7 percent to 89.615 pence.

Source : Reuters

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