Sterling Steadies After Brexit Blow; Dollar Drifts Lower Pre-Fed
Tuesday, 19 March 2019 15:42 WIB | CURRENCIES |DolarpoundSterling,

The British pound is opening Tuesday on a firmer footing after losing nearly 1% against the dollar and euro on the latest outbreak of Brexit-related volatility.

Sterling had slid after Prime Minister Theresa May™s plan to force another vote on her EU Withdrawal Agreement was struck down for procedural reasons by the Speaker of the House of Commons John Bercow.

At 03:00 AM ET (0800 GMT), the pound was at 1.3274 against the dollar, having fallen below 1.32 for the first time in nearly a week after Bercow™s announcement. Against the euro, it had recovered less and was at 1.1695, less than a quarter of a cent off Monday™s low.

The U.S. Dollar Index, which tracks it against a basket of six major currencies, was testing new six-week lows at 95.86.

Source: Investing.com

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