Sterling Rises as Investors Adjust Quarter-End Positions
Tuesday, 31 March 2020 23:49 WIB | CURRENCIES |PoundsterlingSterling,pound

Sterling rose on Tuesday as investors readjusted their portfolios at the end of the first quarter of 2020, although analysts said the currency remained fragile.

The pound fell earlier in the day against the dollar as the U.S. currency gained strength due to its safe-haven properties amid the spread of the coronavirus.

The dollar remained bid, but positioning in the pound reversed.

The British currency last traded up 0.2% at $1.2449. It rose 0.6% against the euro to 88.35 pence.

Source : Reuters

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