Pound Holds Steady amid Brexit Uncertainty
Wednesday, 23 October 2019 15:56 WIB | CURRENCIES |Poundsterling

The British pound was holding steady on Wednesday, recovering some poise in the wake of a fall overnight after parliament forced a delay in the U.K. government's Brexit plans.

Sterling slipped as low as 1.2841 overnight before pulling back to 1.2878 by 04:17 AM ET (08:17 GMT). That left the pound more than one cent off Monday's five-and-a-half-month high.

Against the euro, the pound was a touch lower at 0.8645 following a 0.5% decline in the previous session.

On Tuesday, parliament opposed British Prime Minister Boris Johnson's three day timetable for passing Brexit legislation. The stage now looks set to push for a general election before Christmas to break the impasse.

The dollar hit a low of 108.25 against the safe haven Japanese yen overnight, the weakest since Oct. 15 and was last at 108.38.

Away from Brexit, investors are also closely watching for signs of a thaw in the U.S.-China trade war, which has proven to be a big risk to financial markets and global economic growth.

The euro was little changed at 1.1122 before Thursday's European Central Bank meeting, outgoing President Mario Draghi's final policy meeting.

The U.S. dollar index was flat at 97.25, holding on to a 0.2% gain posted on Tuesday.

Source: Investing.com

RELATED NEWS

Dollar Rises After Upbeat U.S. Data; Trade Uncertainties Remain
Friday, 22 November 2019 23:25 WIB

The U.S. dollar rose against a basket of currencies on Friday after data showed U.S. factory and services activity quickened in November in a sign of the continued resilience of the U.S. economy in the face of the U.S.-China trade war and other headwinds. IHS Markit said its "flash" purchasing mana...

Dollar slips as Chinese comments marginally boost risk appetite
Friday, 22 November 2019 16:24 WIB

The dollar was marginally down on Friday and risk appetite boosted by statements from China on the need to find a solution to the tit-for-tat tariff war with the United States, raising hopes that a "phase one" deal could be reached. Chinese President Xi Jinping said Beijing wants to work out a deal...

Dollar keeps safe-haven bid amid trade 'headline fatigue'
Friday, 22 November 2019 08:12 WIB

The dollar held overnight gains on Friday, as investors clung to the safe-haven pending developments in Sino-U.S. trade negotiations and amid a growing scepticism about reports of progress in the talks. Movements were slight as investors also looked to a slew of global manufacturing surveys publish...

Pound Struggles To Break Through $1.30 After Labour Election Manifesto
Friday, 22 November 2019 00:07 WIB

The pound struggled to break through the $1.30-mark yet again on Thursday, as a rebound in the dollar and an election manifesto from the opposition Labour Party that fuelled some profit-taking on the British currency. In its fourth attempt to break through $1.30 in nearly two months, the pound stru...

Japan's yen gains, yuan down on trade woes, Hong Kong strife
Thursday, 21 November 2019 16:34 WIB

The Japanese yen firmed against the dollar on Thursday after sources close to the White House told Reuters that a U.S.-China trade deal is unlikely this year, shattering investor hopes of a partial agreement soon and boosting safe-haven assets. The Chinese yuan fell to a three-week low in onshore t...

ANOTHER NEWS
Hong Kong Shares End Week On Positive Note
Saturday, 23 November 2019 04:24 WIB Hong Kong stocks ended a tough week on a positive note Friday but investors remain nervous about the impact on the local economy and trade talks from a US lawmakers' bill supporting the city's rights. The Hang Seng index climbed 0.48 percent, or...

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.