The pound drifted lower on Monday after posting its biggest weekly rise in more than 15 months last week as investors consolidated positions before crucial votes in the British parliament that will aim to break a Brexit deadlock.
Lawmakers earlier this month rejected Prime Minister Theresa May's EU withdrawal agreement, which included a nearly two-year transition period to help minimize economic disruption. That defeat set up a series of votes in parliament on Tuesday through which lawmakers and the government will try to find a way forward.
The British currency edged a quarter of a percent lower to $1.3162 in early trading. Against the euro, it drifted 0.1 percent lower at 86.57 pence.
Source : Reuters
RELATED NEWS
Dollar Hovering Near 3-Week Highs ahead of Fed Minutes
Wednesday, 21 August 2019 15:11 WIBThe 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...
Dollar Nudged Off Three-Week Peak as U.S. Yields Dip Before Jackson Hole Meet
Wednesday, 21 August 2019 08:47 WIBThe dollar was on the defensive on Wednesday, elbowed off a three-week peak by a reversal in U.S. yields as they headed south again ahead of a meeting of central bankers, at which the Federal Reserve is expected to give clues on further rate cuts. Central bankers will gather at Jackson Hole, Wyomin...
Euro Tests Lows Ahead of Expected No-Confidence Vote in Italy
Tuesday, 20 August 2019 15:22 WIBThe dollar was little changed in early trading in Europe Wednesday but starting to build momentum against the euro at the start of a day where politics is likely to dominate economics. The euro was at $1.1079 by 3:30 AM ET (07:30 GMT) and looking to test last week™s low of $1.1066 ahead of a big ...
AUD/USD Clings to 0.6760/65 After RBA Minutes
Tuesday, 20 August 2019 09:15 WIBThe AUD/USD pair remains modestly changed at 0.6765 after the Reserve Bank of Australia (RBA) released minutes of its August 07 meeting on early Tuesday. Although the Aussie central bank left its monetary policy unchanged at the August meeting, policymakers have been flashing mixed signals since th...
Dollar Near Three-Week High as Thaw In Risk Aversion Lifts Yields
Tuesday, 20 August 2019 08:02 WIBThe dollar held near a three-week high on Tuesday, as expectations global economies would unleash fresh stimulus and an improvement in appetite for riskier assets lifted yields on U.S. government bonds. Yields on benchmark U.S. Treasuries pulled away from three-year lows as investors tip-toed back ...
Gold ends lower as stock-market rebound dulls haven shine
Gold ends higher, recoups some recent losses as bond yields slide
Tokyo Stocks Open Higher, Tracking US Rallies
Gold Firms Below $1,500 After Slide
Euro gains after biggest weekly drop in 6 weeks as risk appetite returns
Dow Ends With 200-Point Gain After Fed Minutes
Thursday, 22 August 2019 03:16 WIB
U.S. stocks ended higher on Wednesday after the minutes from the Federal Reserve's July meeting showed the U.S. central bank wanted to retain flexibility during future policy decisions.
The S&P 500 rose 0.8% to end around 2,924. The Dow Jones...