🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Forex - Pound Flat After EU Leaders Endorse May’s Brexit Deal

Published 11/25/2018, 11:55 PM
© Reuters.
GBP/USD
-
USD/JPY
-
AUD/USD
-
NZD/USD
-
USD/CNY
-
DX
-

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.

Latest comments

Risk Disclosure: 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.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.