Pound fell sharply, nearly 1%, on Wednesday after May requested the EU a short Brexit extension until June 30. The extension was shorter than traders expected.
Category: Features
Japanese Yen recovers on Tueasday as dollar faces expectations for an accommodative Fed and hit by concern over the U.S. economy.
The U.S. dollar weakened against most major currencies as expectations for an accommodative Federal Reserve kept the greenback subdued.
The British pound was unchanged on Friday at the end of its best week since January. Investors waited for next week’s parliamentary vote on Prime Minister Theresa May’s deal to exit the EU.
Brexit delay vote sent the sterling down 0.82% at $1.3225 in mid-morning trade. Investors supported the parliamentary vote seeking a last-minute Brexit delay.