Pound Climbs After U.K. Top Court Allows Parlimentary Vote On EU Exit Process
23 Enero 2017 - 11:07PM
RTTF2
The pound strengthened against its major rivals in the European
session on Tuesday, after the U.K. Supreme court ruled that the
government cannot invoke Article 50 without getting approval from
the Parliament.
Rejecting the government's contention, the Court granted the
Parliament the right to debate and vote on the process of invoking
Article 50 of the Lisbon Treaty.
The pound advanced to near 3-week highs of 0.8565 versus the
euro and 1.2532 against the franc, from its early lows of 0.8633
and 1.2437, respectively.
The pound rose to a session's high of 142.08 versus yen, off its
previous low of 140.94.
The pound recovered to 1.2533 against the greenback, off early
low of 1.2436. The pound is thus not far from the vicinity of its
early near 6-week high of 1.2545.
The next possible resistance for the pound may be found around
144.00 against the yen, 1.26 against the franc, 1.26 against the
greenback and 0.84 against the euro.
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