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.




Trade ideas for June 14-18
Trade ideas for June 14-18

All eyes are turning to the Federal Reserve and the US dollar. How to trade XAU/USD, EUR/USD, and GBP/USD?

Latest news

Gold and Bitcoin Rise, Fed is Eyed
Gold and Bitcoin Rise, Fed is Eyed

Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera