Sterling near six-week high as no-deal Brexit risks recede
Wednesday, 11 September 2019 23:31 WIB | CURRENCIES |poundSterling,Poundsterling

Sterling was steady on Wednesday, lingering below a six-week high against the dollar reached on Monday, as investors assessed the chances Prime Minister Boris Johnson can strike a Brexit deal with the European Union before Oct. 31.

The probability of a no-deal Brexit was still very much a concern for traders, given that Johnson stood firm on taking Britain out of the EU by the end of next month.

But the British parliament approved legislation which forces Johnson to request a deadline extension from Brussels if he cannot agree on a deal with the EU by mid-October.

Investors, calculating that the risk of no-deal Brexit is receding after the law passed, have pushed sterling from under $1.20, the three-year low it reached early last week, to as high as $1.2385 on Monday.

By 14:45 GMT on Wednesday, sterling was at $1.2347, down 0.1% . Against the euro, however, the pound gained 0.3% to 0.8907 .

Source : Reuters

RELATED NEWS

Dollar heads for loss on Fed backstop, receding coronavirus fears
Friday, 10 April 2020 08:28 WIB

The dollar started Friday's trade on a shaky footing and was on course for a weekly loss as the U.S. Federal Reserve's massive new lending programme for small companies and signs of a slowdown in coronavirus infections reduced safe-haven demand. The pound pulled ahead against the dollar and the eur...

Dollar Unmoved as Event Risk Limits Activity
Thursday, 9 April 2020 15:57 WIB

The U.S. dollar was largely unchanged Thursday, with activity in the foreign exchange market subdued as investors hold fire amid abundant near term event risk. At 3:05 AM ET (0705 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.165, lar...

Risk currencies buoyed by cautious hopes pandemic is peaking
Thursday, 9 April 2020 08:21 WIB

Risk-sensitive currencies climbed on Thursday on budding optimism the coronavirus pandemic may be peaking although the euro was dented by the European Union's failure to agree on more support for their weakened economies. The Australian dollar fetched $0.6233, trading near its highest level since m...

Dollar Gains as Coronavirus News Disappoints
Wednesday, 8 April 2020 15:50 WIB

The U.S. dollar is back in demand Wednesday, as investors sought safe havens amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent. At 3 AM ET (0700 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other curren...

Dollar creeps higher as virus worries return
Wednesday, 8 April 2020 08:47 WIB

The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback rose on most majors besides the safe-haven Japanese yen, a day after suffering its worst drop again...

ANOTHER NEWS
Tokyo shares close higher on massive US stimulus
Friday, 10 April 2020 13:31 WIB Tokyo stocks closed higher on Friday, extending rallies on Wall Street after the US Federal Reserve unveiled another round of massive stimulus. The Nikkei 225 index rose 0.79 percent, or 152.73 points, to 19,498.50 while the broader Topix index...

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.