Sterling tries to recover from four-week trough
Sterling rose in European trade away from four-week lows against the greenback, as the dollar index retreats ahead of data and speeches by BoE officials.
GBP/USD rose 0.4% to 1.2389, after closing down 0.7% on Friday, marking four-week lows at 1.2314.
Sterling lost 0.1% last week against dollar, the third weekly loss in a row on doubts on whether Britain can manage a trade deal with the EU before the end of the Brexit transition period.
The dollar index fell 0.2% on Monday on track for the first loss in four days on improving risk appetite, hurting the appeal of the greenback.
External BOE MPC Member Gertjan Vlieghe will deliver a speech titled "Observed macroeconomic tail risk and asset prices: new long term evidence" at the BOE's Asset Pricing Workshop, via satellite.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1246
|
-0.0031
|
0.2718%
|
|
|
|
|
1.2486
|
0.0178
|
1.4462%
|
|
|
|
Tadawul
|
7312.24
|
58.91
|
0.81%
|
|
|
|
|
18.047
|
0.268
|
1.507%
|
|
|
|
|
40.285
|
1.510
|
3.894%
|
|
|
|
|
42.80
|
-0.34
|
0.79%
|
|
|
|
|
1774.730
|
3.115
|
0.176%
|
|
