Thursday, 17 October 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
Sterling Rises on Speculation of U.K. Softening Brexit Stance
Friday, 13 September 2019 23:45 WIB | CURRENCIES |poundSterling,PoundsterlingGBP/USD

The pound rose on Friday on a newspaper report that the U.K. government is contemplating some type of regulatory divergence between Northern Ireland the U.K. in an attempt to secure a Brexit deal.

According to The Times, Northern Ireland's DUP would be willing to accept some EU regulations following a U.K. withdrawal from the EU -- replacing the Irish backstop proposal -- raising some hopes of a new deal. But the DUP denied the report shortly afterwards.

GBP/USD jumped 0.8% to 1.2431 as of 10:35 AM ET (14:35 GMT) as traders continued to move out of short positions on sterling following the report.

The euro inched up, with EUR/USD rising 0.1% to 1.1071.

Elsewhere, the U.S. dollar index, which measures the greenback's strength against a basket of six major currencies, fell 0.1% to 98.243 as hopes of a trade truce between the U.S. and China lead to a safe-haven selloff.

Source : Investing.com

RELATED NEWS
Sterling, British Stocks Ride Rollercoaster of Brexit Deal Hopes...
Wednesday, 16 October 2019 23:39 WIB

Sterling swung around five-month highs on Wednesday and stocks in London cut their losses amid a blizzard of contradictory headlines about whether Britain and the European Union were on the verge of a...

Dollar dives to four-week lows as trade tensions dominate; yen gains...
Wednesday, 16 October 2019 15:24 WIB

The dollar headed toward a four-week low against its rivals on Wednesday on concerns that elevated trade tensions between Washington and Beijing will continue to weigh on the global growth outlook. R...

Sterling gives up some gains as Brexit optimism curbed...
Wednesday, 16 October 2019 08:21 WIB

The British pound fell from its highest level in almost five months versus the U.S. dollar on Wednesday as investors started to question their optimism about Britain's negotiations to leave the Europe...

Pound and UK Stocks Surge on Report EU, UK Close to Brexit Draft Deal...
Tuesday, 15 October 2019 23:25 WIB

Sterling jumped against the dollar and the euro while British stock prices and government bond yields rose in late afternoon trading on Tuesday after a Bloomberg report that British and European Union...

Pound Leaps Again as Barnier Stokes Brexit Deal Hopes...
Tuesday, 15 October 2019 15:15 WIB

The British pound took center stage again on Tuesday, rising sharply against the dollar and euro on renewed speculation of a deal to allow the U.K. to leave the EU smoothly at the end of the month. B...

LATEST NEWS
Hong Kong stocks closed higher (Review)

Hong Kong shares closed higher on Wednesday, in line with a rally across Asia and after shrugging off a mid-morning drop when the city's leader was forced to briefly abandon a policy speech owing to heckling by opposition lawmakers.The Hang Seng...

White House Assigned '3 Amigos' to Head Ukraine Policy, Top Diplomat Says

A top U.S. State Department official told House investigators privately Tuesday administration officials told him to "lay low" on matters involving Ukraine in deference to the "three amigos" who assumed control of foreign policy toward the Eastern...

Wall Street Slips as Weak Economic Data Offsets Earnings Strength

Wall Street lost ground on Wednesday as weak U.S. economic data and simmering geopolitical tensions spooked buyers away from the equities market, despite a string of generally positive third-quarter earnings reports. Technology shares, led by...

POPULAR NEWS
Gold Posts Lowest Close So Far This Month as Investors Weigh Trade Deal, Earnings Season
Wednesday, 16 October 2019 03:44 WIB

Gold prices declined on Tuesday to mark their lowest settlement month to date, as investors awaited clarity on U.S.-China trade talks and as...

Gold Flirts With $1,500 Again on New Trade War Worries
Tuesday, 15 October 2019 03:33 WIB

What™s bad for trade is good for gold. The yellow metal found favor again with haven investors on Monday, flirting with the key bullish level of...

Gold edges higher as Brexit uncertainty spurs safe-haven bid
Wednesday, 16 October 2019 08:48 WIB

Gold prices edged higher on Wednesday after shedding nearly 1% in the previous session, as it remained unclear if Britain could avoid postponing its...

Gold Edge Higher on Trade Optimism; Palladium at Record
Monday, 14 October 2019 16:23 WIB

Gold holds below its 50-day moving average after dropping last week on U.S.-China trade optimism. Palladium hit a fresh record. Spot...