Sterling Stuck Near Two-Week Low as Brexit Rhetoric Sharpens
Thursday, 7 February 2019 00:06 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling steadied on Wednesday as Prime Minister Theresa May tried to persuade the European Union to modify her Brexit deal to avoid a disorderly British departure from the bloc.

EU Council President Donald Tusk said on Wednesday that he would make no new offer on Brexit and those who promoted Britain™s exit without any understanding of how to deliver it deserve a œspecial place in hell.

The pound has been supported in 2019 by a growing belief that a last-minute agreement will avert a no-deal Brexit. But jitters have returned since a Jan. 29 vote in parliament that asked May to persuade the EU to accept changes to the Brexit agreement.

Sterling on Wednesday was flat at $1.2954, not far off a two-week low of $1.2923. It was up 0.2 percent against the euro at 87.85 pence.

Source : Reuters

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