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Dollar recoups losses, pound lower after surge on May Brexit plans

Published 01/18/2017, 03:13 AM
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Investing.com - The dollar recouped losses Wednesday after falling over 1% overnight as Trump warned about the risks of the greenback's strength.
Sterling fell after its surge Tuesday after UK PM Theresa May outlined her plans for Britain to exit the single market.
Thedollar index was up 0.40% at 100.66 at 02:45 ET. The greenback rose 0.65% to 113.34 yen.
Fed member John Williams Tuesday called for gradual increases in U.S. rates to stop the economy overheating.
Fed Chair Janet Yellen is due to speak later Wednesday.
The pound was down 0.70% at $1.2323 as May's remarks seen as opening gambit in Britain's negotiations to exit the EU.
The euro fell 0.18% to $1.0694.

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