Pound wobbles as uncertainty swirls after May's Brexit defeat
Wednesday, 16 January 2019 15:50 WIB | CURRENCIES |Dolar EuroPoundsterling

The British pound was slightly weaker Wednesday, as investors continued to absorb the overwhelming rejection by U.K. politicians of Prime Minister Theresa May™s Brexit-plan, and looked toward what was next for the country.

Sterling was changing hands at $1.2848, slightly below $1.2860 seen late Tuesday in New York. The pound managed to retrace all of its losses after the vote was rejected and May vowed she wasn™t trying to run down the clock on the Brexit timeline. Tuesday™s volatile session saw the pound swing from a peak of $1.2917 in Asian trade, to a drop to $1.2670 just ahead of the vote.

The pound was flat against the euro with the shared currency buying £0.8872.

Elsewhere, the ICE U.S. Dollar Index slipped 0.1% to 95.909, with weakness largely stemming from strength in the Japanese yen. The dollar  last bought ¥108.44 versus ¥108.69 late Monday in New York.

The shared currency was flat at $1.1405, compared with $1.1415 late Tuesday.

Marketwatch

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