Yahoo Finance Pound Flat After EU Leaders Endorse May’s Brexit Deal
Investing.com - The British pound was little changed on Monday, a day after European Union leaders approved the terms of the UK’s withdrawal from the bloc, as market watchers focused on whether the Brexit deal will pass a vote in the British parliament.
The GBP/USD pair last traded at 1.2815 at 11:46 PM ET (04:46 GMT), little changed for the day.
May needs to gain Parliamentary approval for the deal to move forward and failure could result in the U.K. exiting the EU without a deal.
NZD/USD ticked up 0.13% to 0.6791 after falling to near 0.6755 earlier in the day, after official data showing that quarterly retail sales were flat in the third quarter, disappointing market expectations for a 1% rise.
The AUD/USD pair edged up 0.2% to 0.7248.
The U.S. dollar index that tracks the greenback against a basket of other currencies remained unchanged at 96.825.
All eyes this week would be on U.S. President Donald Trump and his Chinese counterpart Xi Jinping’s planned meeting at the G-20 meeting that kicks off on Friday.
Market watchers are hoping that talks between the pair could lead to a ceasefire in the trade war between Washington and Beijing.
The USD/CNY pair dipped to 6.9450 as the People's Bank of China (PBOC) set the yuan reference rate at 6.9453 vs Friday's fix of 6.9306.
Looking ahead, Federal Reserve Vice Chairman Richard Clarida speaks in New York on Tuesday, and Chairman Jerome Powell addresses the New York Economic Club on Wednesday.
Elsewhere, the USD/JPY pair gained 0.2% to trade at 113.21.
Related Articles
Bitcoin extends falls as selloff in crypto currencies resumes
Ukraine central bank to discuss with banks possible introduction of martial law
Forex - Dollar Slips; Euro, Sterling Gain Ground as Risk Appetite Revives
