The British pound stabilised on Thursday as the Brexit project entered a fresh h...
HONG KONG - The British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines.
Sterling held at $1.2911 after Britain’s parliament backed a withdrawal deal, but rejected the government’s tight timetable, while European Union members delayed deciding whether to grant a three-month extension to the Oct. 31 leaving date. “It looks like traders are weighing up the current parliamentary shenanigans versus the seeming inevitability of a Brexit,” he said.
Positive comments from U.S. and Chinese leaders earlier in the week about progress negotiating a truce in a their trade dispute had rallied trade-exposed currencies.
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