Forex

Sterling recovers partially against Dollar

2019-04-12 20:25:57 GMT (Economies.com)

Sterling pound rose against the greenback today, after a busy week of Brexit extension as well as the Prime Minister Theresa May's negotiations with Brussels.

 

Earlier this week, the EU summit agreed to Prime Minister Theresa May's request to postpone the exit of the bloc until October 31.

 

The European Union wants to give London an opportunity to negotiate a better deal for its withdrawal from the bloc, following a three-time rejection by the British parliament of an earlier agreement reached by BPM May.

 

British lawmakers said they would not allow the United Kingdom to leave the Union without an agreement.

 

Uncertainty is still the dominant landscape in Britain for markets, individual investors and companies because of the lack of clarity about Brexit.

 

In today's trading, by 17:57 GMT, the British Pound rose against the US dollar by 0.3% to 1.3083, hitting a high of 1.3132 and a low of 1.3049.

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