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.

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.
The sterling has swung wildly between $1.30 and $1.33 in chaotic trading over the last 48 hours.
The euro dipped below $1.13 on Thursday after the European Central Bank postponed the timing of its first post-crisis rate hike to 2020 at the earliest. ECB also launched a new round of cheap loans to banks.
The OECD cut forecasts again for the global economy in 2019 and 2020, further to previous November downgrades. There were warnings that trade disputes and uncertainty over Brexit would hit world trade and businesses.