British pound declines in Asia as markets wait for Brexit details

British pound declines in Asia as markets wait for Brexit details

On Wednesday, the British pound dropped in Asia, as markets looked ahead to Britain’s formal move to start a split from the EU later in the day, an historic moment, which will see British Prime Minister Theresa May outline the end game on areas from defense cooperation to trade.

The currency pair GBP/USD dived 0.39%, trading at 1.2399.

The US dollar index, assessing the greenback’s actual value against a trade-weighted basket of six crucial currencies, inched up 0.06%, trading at 99.59. 

The currency pair USD/JPY hit 111.21, soaring 0.04% after retail sales data in Japan demonstrated a lower than expected ascend of 0.1% from a 0.5% surge expected.

The currency pair AUD/USD soared 0.16%, being worth 0.7645.

Overnight, the greenback grew against a basket of key currencies, as traders shifted focus from Trump’s healthcare bill setback to positive economic data as well as bullish comments from Federal Reserve officials.

 

gbp

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