Sterling on backfoot as political turmoil dogs Brexit process

  • 📰 Reuters
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Sterling wallowed near a more than two-year low on Tuesday on growing investor w...

TOKYO - Sterling wallowed near a more than two-year low on Tuesday on growing investor worries about a “no-deal Brexit” as rival British lawmakers fought for control over negotiations to leave the European Union.

The yuan will come into focus during Asian trading after it slipped to a record low versus the dollar in offshore trade due to fading hopes for a resolution to the U.S.-China trade war. “The pound is being sold all over the place, because the political risk has forced us to recognise that a no-deal Brexit is possible,” said Junichi Ishikawa, senior foreign exchange strategist at IG Securities in Tokyo., flat so far in Asian trading but close to the lowest in more than two years. The pound tumbled 0.8% on Monday, its biggest decline in more than three weeks.

Elsewhere in currency markets, the dollar index=USD rose 0.27% on Tuesday to 99.082, reflecting weakness in other major currencies. U.S. financial markets were closed on Monday for a public holiday.traded at 7.1940 per dollar, close to its weakest since international trading in the currency began in 2010.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Don’t drag Raheem into this sterling7

How low can you go?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Crime and chaos: Risk experts fear violent consequences of a no-deal BrexitFrom a surge in racist attacks to anger over food shortages and chaos at the border, some risk experts are warning that Britain’s potential exit from the EU without a deal could lead to violence and unrest. Oh paleez- the sky is falling- NWO puppet media This fallout from Brexit is like a marketing campaign for Watchdogs Legion Denying the will of the people for this long is what has fomented unrest.
Source: NBCNews - 🏆 10. / 86 Read more »

UK lawmakers against no-deal Brexit to bring forward legislationBritish lawmakers opposed to no-deal Brexit will attempt to pass a law this week... هذه محاولة من بوريس_جونسون لتقويض ديمقراطية المملكةالمتحدة التي أعطتها لقب أم الديمقراطيات. و لكن لماذا أقحمت الملكة نفسها لكي تقوض الديمقراطية منا نعرف دائما ان العائلة المالكة في بريطانيا تملك و لا تحكم ماذا حدث؟ Sops for punishment Meanwhile the EuropeanMasters rub their hands together the traitors of the UK have done their work for them
Source: Reuters - 🏆 2. / 97 Read more »

UK's Labour to do 'everything necessary' to stop no-deal BrexitBritain's main opposition Labour Party will do everything possible to stop ... Well the only way Comrade Corbyn is stopping it now is by armed insurrection. Not that he minds doing something like that, considering the people he calls 'his friends'. Stop crazy Boris before he brings UK's demise! So un democratic to suspend Parliament in order to pursue sick agenda & a bad deal 3 years and more and Corbyn didn't stop anything yet!!! why still pretending!?!?
Source: Reuters - 🏆 2. / 97 Read more »

Labour to do 'everything necessary' to stop no-deal BrexitBritain's main opposition Labour Party will do everything possible to stop ... Including cancelling Brexit with the results of a second referendum? How about ditching Corbyn Labour could've done something months ago. It's all words, aka all fArt, no shIt.
Source: Reuters - 🏆 2. / 97 Read more »

British Conservative MPs warned against blocking no-deal Brexit - Sky NewsBritain's Conservative lawmakers have been warned by party officials that t... Will they be put against the wall? Don't give in to British, American or Russian oligarchs. Do your duty to your country and stop this no-deal insanity. If Boris Johnson wants to keep his promise then he should do it with his determination & power for the country & the people but not for the party.
Source: Reuters - 🏆 2. / 97 Read more »

British Conservative MPs warned against blocking no-deal Brexit: Sky NewsBritain's Conservative lawmakers have been warned by party officials that t... Call their bluff, block it Where are British democratic values?
Source: Reuters - 🏆 2. / 97 Read more »