Pound Falls Amid Brexit Worries
11 Noviembre 2018 - 9:58PM
RTTF2
The pound declined against its major counterparts in the Asian
session on Monday, as investors became cautious over the prospectus
of the European Union and Britain reaching a Brexit deal before the
end of the year.
Split between the cabinet ministers and U.K. Prime Minister
Theresa May has intensified, with four EU remain-leaning ministers
on the verge of resigning from the government, the Sunday Times
reported.
Brexit negotiations remain deadlocked over plan to avoid a hard
border on the island of Ireland.
Transport Minister Jo Johnson resigned on Friday, while other
ministers were extremely hard on their position.
Underlying sentiment remained cautious amid concerns about
rising interest rates, slowing global growth and anxiety over
peaking corporate earnings.
The pound slipped to 1.2841 against the greenback, its lowest
since November 1. The pound is poised to find support around the
1.26 level.
The U.K. currency declined to a 10-day low of 146.49 against the
yen, from last week's closing value of 147.62. On the downside,
144.00 is possibly seen as the next support level for the
pound.
The pound fell to near a 2-week low of 1.2961 against the Swiss
franc, from a high of 1.3024 hit at 10:30 pm ET. The pound is
likely to challenge support around the 1.28 level.
On the flip side, the pound recovered to 0.8748 against the
euro, from a 10-day low of 0.8774 seen at 1:30 am ET. At last
week's close, the pair was worth 0.8734.
Looking ahead, at 2:30 pm ET, Federal Reserve Bank of San
Francisco President Mary Daly speaks about the economic outlook at
the Regional Economic Development for Eastern Idaho Conference.
Sterling vs US Dollar (FX:GBPUSD)
Gráfica de Divisa
De Mar 2024 a Abr 2024
Sterling vs US Dollar (FX:GBPUSD)
Gráfica de Divisa
De Abr 2023 a Abr 2024