Sterling knocked off session highs after PM rules out Brexit delay

Sterling knocked off session highs after PM rules out Brexit delay

Reuters  | Jan 11, 2019 11:35

Sterling knocked off session highs after PM rules out Brexit delay

(Reuters) - Sterling slipped off session highs against the euro and dollar on Thursday after a spokeswoman for British Prime Minister Theresa May ruled out extending Article 50 to delay the country's exit from the European Union.

The pound had risen 0.3 percent to the euro (EURGBP=D3) at 89.8 pence while against the dollar it had strengthened more than half a percent to trade as high as $1.2851 after the Evening Standard cited cabinet ministers as saying Britain could seek to delay its scheduled departure date from the European Union.

© Reuters. FILE PHOTO: Pound coins are seen in the photo illustration taken in Manchester, Britain

But it came off those levels after the denial to trade at $1.2793, up 0.3 percent on the day. Against the euro it was at 90 pence, up 0.1 percent.

Related News

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 中文 香港 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
Saving Changes