As Brexit saga continues, the sterling rose above $1.3. Britain’s Labour said it was “highly likely” to back an attempt by lawmakers to prevent a disorderly no-deal Brexit.
Category: Features
Sterling edged off early lows but remained volatile as traders awaited a statement from Prime Minister Theresa May.
Greenback saw its first weekly rise in 5 weeks following reports on US-China trade talks. The dollar held firm against its rivals.
The British parliament will debate and vote on Prime Minister Theresa May’s Brexit plan B on Jan. 29.
The euro hit a seven-week low against the pound and fell against the dollar.