The sterling fell sharply on growing expectations that a Brexit impasse is ahead once more. Pound has weakened more than 1% this month.
Category: Features
Sterling held near a two-week low on Tuesday as British employment data showed lower wage growth in the quarter ending March. This may be a sign of a start of a turbulent period for the broader economy.
China plans to impose tit-for-tat tariffs on $60 billion of U.S. goods after US escalated trade war. Last week the Trump administration raised tariffs on $200 billion of Chinese products to 25%.
The single currency edged 0.2% higher to $1.1239 on Friday and was on track for a second consecutive week of Euro gains.
The Japanese yen climbed to a three-month high against the greenback. Investors sought out the safe-haven currency, on U.S.-China trade conflict escalation fears.