Pound Climbs Amid Reports Of Another Vote On Brexit Deal
25 Marzo 2019 - 10:47AM
RTTF2
The pound strengthened against its major counterparts in the
European session on Monday, following media reports that U.K. Prime
Minister Theresa May would hold a third meaningful vote on her
Brexit deal tomorrow.
Over the weekend, the PM had offer her resignation to pass the
deal.
Tory MPs are openly plotting to oust May, urging to set out a
clear timetable for her departure, to secure their support for the
withdrawal agreement.
If the deal is defeated, the U.K. should decide on next steps or
consider a no-deal Brexit by April 12.
The currency dropped against its major counterparts in the Asian
session, as investors weighed the risk of Britain leaving the
European Union without a deal.
The pound climbed to a 5-day high of 1.3246 against the
greenback, from a low of 1.3160 hit at 3:30 am ET. The pound is
seen finding resistance around the 1.34 region.
Following a decline to 1.3081 against the franc at 6:15 am ET,
the pound reversed direction and spiked up to a 5-day peak of
1.3150. If the pound strengthens further, 1.33 is possibly seen as
its next resistance level.
The pound firmed to a 4-day high of 145.80 against the yen,
after declining to 144.67 at 9:00 pm ET. The pound is poised to
find resistance around the 147.00 level.
The U.K. currency bounced off to 0.8547 against the euro, from a
low of 0.8599 touched at 6:15 am ET. Next key resistance for the
pound is seen around the 0.84 level.
Survey data from the Munich-based Ifo Institute showed that
German business confidence index rose to 99.6, while economists'
had expected the reading to remain unchanged at February's score of
98.5.
The index rose for the first time since August 2018.
Grafico Cross Sterling vs Yen (FX:GBPJPY)
Da Mar 2024 a Apr 2024
Grafico Cross Sterling vs Yen (FX:GBPJPY)
Da Apr 2023 a Apr 2024