Sterling returns higher after yesterday's fall
2017-04-20 17:49:21 GMT (Economies.com)
Sterling returns higher after yesterday's fall

Sterling managed to rise on Thursday after falling yesterday, as the dollar gives up ground, while demand climbs on riskier assets like stocks. 

 

GBP/USD last traded at 1.2823, up from the opening of 1.2783, with a session-high at 1.2847, and a low at 1.2775. 

 

Sterling's current rise comes as the dollar falls to a three-week trough versus a basket of currencies after U.S. unemployment claims rose past expectations. 

 

On the other hand, demand returned on risky assets in the markets like global stocks, in turn underpinning demand on the pound. 

 

U.K. markets steadied after the British Parliament agreed by an overwhelming majority to hold early elections that were called by British prime minister Theresa May. 

 
 
 
  Symbol Last Change Chg.%
1.0871
-0.0034
0.3113%
1.2899
0.0051
0.3993%
17.326
-0.166
0.949%
48.345
-0.855
1.738%
50.74
-1.08
2.08%
1266.320
-2.495
0.197%
 
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