Sterling falls as London requests Brexit delay

Economies.com
2019-03-20 18:34PM UTC

The British pound fell against the dollar on today's trading after the British government led by Prime Minister Theresa May announced that she would request Brussels to delay the UK exit from the European Union.

 

London announced on Tuesday that it would postpone the date of the European Union's Exit from March 29th to June 30th.

 

If the request is rejected, Britain will leave the European Union, whether by agreement or without, despite the British parliament approval on a proposal suggesting not to go out without agreement.

 

French officials have hinted that France won't agree of Brexit delay unless the UK advanced a strategy or a plan for the London parliament to pass the Brexit agreement.

 

An European Commission official also made a similar statement, calling "May's" government to provide a rationale reason for her request to extend the Brexit  deadline.

 

In terms of trading, by 18:32 GMT, the pound fell against the dollar by 0.2% to 1.324, with its highest at 1.3275 and the lowest at 1.3146.

Forex and Currency News

Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...
Forex News

Forex

Dollar under pressure ahead of Christopher Waller's speech
2024-03-27 11:18AM UTC
The dollar declined in European trade on Wednesday against a basket of major rivals away from ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price faces temporary negative pressure – Forecast today - 29-03-2024
2024-03-29 01:48AM UTC
USDCHF Price Analysis Expected Scenario: Bullish Trend The USDCHF pair rebounded bearishly ...
NZD USD Analysis

Forex

The NZDUSD price keeps its negative stability – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
NZDUSD Price Analysis Expected Scenario: Bearish Trend The NZDUSD price remains below the ...
AUD USD Analysis

Forex

The AUDUSD price awaits confirmed break – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
AUDUSD Price Analysis Expected Scenario: Bearish Momentum The AUDUSD price failed to sustain ...