Sterling reverses lower away from six-month high
2017-04-19 18:03:11 GMT (Economies.com)
Sterling reverses lower away from six-month high

Sterling stopped rising on Wednesday after hitting a six-month high yesterday, with the dollar recovering today, heaping pressure on the pound. 

 

GBP/USD last traded at 1.2788, compared to the opening of 1.2846, with an intraday high at 1.2862, and a low at 1.2783. 

 

Sterling's current fall comes as the dollar advances against a basket of major rivals on short-covering after falling earlier this week, in turn hurting the pound. 

 

British prime minister Theresa May called for snap elections on 8 June in order to get electoral support for her negotiations to exit the European Union. 

 

Therefore tensions remained in the markets, in turn pushing the pound lower, while the dollar rebounds amid a lack of U.S. data. 

 
 
 
  Symbol Last Change Chg.%
1.1817
-0.0001
0.0089%
1.3185
-0.0115
0.8639%
17.199
-0.198
1.138%
51.185
-0.190
0.370%
56.93
-0.31
0.54%
1283.955
-19.470
1.494%
 
Live Forex Updates