Sterling on track for sixth week of losses against the euro
Friday, 14 June 2019 15:44 WIB | CURRENCIES |Currency EuroSterling,Poundsterling

The British pound fell again on Friday as investors trimmed their positions after Brexiteer Boris Johnson moved closer to becoming the next prime minister, putting sterling on course for a six-week losing streak versus the euro.

Sterling has fallen in recent weeks as the contest to succeed Prime Minister Theresa May heats up.

Investors are concerned that May's successor will lead Britain towards a no-deal Brexit, and they worry about how little time whoever takes over will have to try and renegotiate May™s withdrawal agreement with Brussels. The European Union has said the deal is not up for renegotiation before Britain is scheduled to exit the bloc on Oct. 31.

The pound slipped 0.2% against the euro to 89.115 pence per euro. That puts the British currency on track to suffer its sixth consecutive week of losses against the euro, in what would be its longest losing streak of the year.

Source : Reuters

RELATED NEWS

Sterling Above $1.26 as US Dollar Falls
Wednesday, 15 July 2020 23:07 WIB

Sterling was dragged up by a weaker dollar and an improvement in risk sentiment on Wednesday, with analysts saying it was likely to face further weakening due to economic damage inflicted by the coronavirus crisis and Brexit. The pound was up 0.5% at $1.2610, having risen to $1.2649, its highest si...

Riskier Currencies Gain On Vaccine Hopes; Dollar Hits One-Month Low
Wednesday, 15 July 2020 15:43 WIB

Risk sentiment was upbeat in currency markets on Wednesday, as signs of progress towards a COVID-19 vaccine and a Wall Street equities rebound on Tuesday pushed commodity currencies higher and the dollar to a one-month low. Moderna Inc™s experimental vaccine for COVID-19 provoked immune responses...

Euro hits four-month high vs dollar on stimulus, recovery hopes
Wednesday, 15 July 2020 08:54 WIB

The euro rose to a four-month high against the dollar on Wednesday on hopes European Union leaders may agree on stimulus and deepening fiscal integration to shield the economy from the pandemic. The dollar was on the defensive, particularly against other growth-leveraged currencies such as the Aust...

Dollar Falls on Rising Euro, Higher U.S. Stocks
Tuesday, 14 July 2020 23:31 WIB

The dollar fell in North American trade on Tuesday as the euro rose on optimism about the possibility of a European Union stimulus package and as U.S. stocks gained. The U.S. dollar index, which measures the safe-haven greenback against a basket of six rival currencies, was down 0.31% to 96.265. Th...

Dollar Grinds Higher As U.S.-China Tensions And Virus Unnerve Investors
Tuesday, 14 July 2020 15:48 WIB

The U.S. dollar edged up on Tuesday as diplomatic tensions between the United States and China and rising coronavirus cases knocked investor confidence, although moves in currency markets were small in a quiet session. While stock markets fell as investors turned cautious, the safe-haven yen was li...

ANOTHER NEWS
Hong Kong Stocks Finish Barely Moved (Review)
Thursday, 16 July 2020 03:19 WIB Hong Kong stocks were flat Wednesday, having swung through the day, with hopes for a vaccine playing against a spike in infections in the city and Donald Trump's decision to remove its special trading status. The Hang Seng Index inched up 3.69...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.