Jump to content
Find Professionals    Deals    Get Quotations   Portfolios
Sign in to follow this  
Anzo Lim

Sterling on backfoot as political turmoil dogs Brexit process

Recommended Posts

Sterling wallowed near a more than two-year low on Tuesday on growing investor worries about a “no-deal Brexit as rival British lawmakers fought for control over negotiations to leave the European Union.

 

The euro fell to the lowest in more than two years as weak economic data from the EU underscored expectations for the European Central Bank to ease monetary policy at a meeting next week.

 

The yuan will come into focus during Asian trading after it slipped to a record low versus the dollar in offshore trade due to fading hopes for a resolution to the U.S.-China trade war.

 

The pound is likely to remain under pressure ahead of a vote in Britains parliament about Brexit later on Tuesday, the outcome of which could trigger an early election and Britains exit from the EU without trading agreements.

 

A messy exit from the EU is certain to weaken the pound, but it could roil other currencies as investors adjust their positions to exit trades in riskier assets.

 

Source: Reuters

#Sterling #Brexit #Investor #WikiFX

 

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

×