Sterling steady as cross-party Brexit deal hopes linger
Monday, 13 May 2019 23:34 WIB | CURRENCIES |CurrencypoundPoundsterling

Sterling was little changed on Monday after a newspaper report suggested the British parliament might still reach a cross-party deal on Brexit, though doubts about such an agreement kept the currency from gaining.

Up to 150 lawmakers from Britain's opposition Labour party would reject an agreement that did not include a referendum confirming it, the Guardian newspaper reported shadow Brexit secretary Keir Starmer had said.

Many members of the ruling Conservative party oppose a second referendum, but the fact talks are still being held is keeping sterling from booking losses, analysts said.

Sterling was flat at $1.30 against the dollar ” roughly the middle of the $1.2851-$1.3190 range of recent weeks ” and 86.53 per euro.

Source : Reuters

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