The pound edged lower on Friday after registering its biggest daily jump in more than two months in the previous session. Traders focused on the growing fears of no-deal Brexit.
Category: Features
Oil prices rise about 1% on Thursday after Iran said it had seized a foreign oil tanker in the Gulf. Tensions rise between Tehran and the West over the safety of shipping in the Strait of Hormuz, a vital gateway for energy exports.
Monetary policy easing boosted dollar against euro, which fell to a one-week low on Wednesday. The common currency dipped towards the lower end of this year’s trading range.
27-month low for the pound against the dollar a new six-month lows versus the euro extended losses for the British currency.
Foreign exchange markets were quiet on Monday and volatility low ahead of major central bank policy meetings next week.