Sterling drops briefly in Asia

Sterling drops briefly in Asia

On Thursday, the British pound found itself in negative territory in Asia briefly, as traders noted Great Britain faces a hard road to keep business links in place in talks to abandon from the EU, which were formally initiated overnight.

The currency pair GBP/USD tumbled to 1.2437, retracing earlier revenues as the EUR/USD came under further selling, tumbling 0.17% to 1.0747.

The weakness in the British pound was directly related to all the uncertainty as well as questions, which arose after Great Britain started these proceedings.

The currency pair AUD/USD hit 0.14%, demonstrating 0.7659 after HIA new home sales gained 0.2% month-on-month in February. USD/JPY boasted 111.33, jumping 0.25%.

Several comments from Fed officials helped to shift traders’ focus to the prospect of extra rate lifts this year, after Fed official Charles Evans told that he’s assured that two total rate hikes this year seem safe enough.


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