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Dollar Edges Higher as Brexit Votes Leave Sterling in Limbo
Thursday, 28 March 2019 15:27 WIB | CURRENCIES |Dolar Europound

The dollar was slightly stronger in early trading in Europe on Thursday as signs of global economic weakness push a retreat from riskier assets.

Meanwhile, the British pound is steady after another flurry of voting on Brexit that “ yet again “ created no clarity about the U.K.™s ultimate destination.

As such, the default outcome is still that the U.K. leaves the EU on April 12th without a deal. Sterling has refused to panic, however, and at 0400 AM ET (0800 GMT) was back at $1.3154 against the dollar and 1.1702 against the euro, having dipped briefly after the vote.

The euro is flat against the dollar at $1.1250, testing a two-week low. The dollar index, which measures the greenback against a basket of six major currencies, was at 96.535, up around 0.3% from late trading in the U.S. on Wednesday.

Source: Investing.com

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