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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1915
|
0.0021
|
0.1778%
|
|
|
|
|
1.3379
|
-0.0004
|
0.0299%
|
|
|
|
Tadawul
|
8688.76
|
21.04
|
0.24%
|
|
|
|
|
23.310
|
-0.736
|
3.059%
|
|
|
|
|
45.580
|
2.755
|
6.433%
|
|
|
|
|
48.67
|
0.81
|
1.69%
|
|
|
|
|
1806.825
|
-59.685
|
3.198%
|
|
