Yahoo Finance U.S. Dollar, Pound Flat as Traders Pause to Assess Brexit Risk
Investing.com - Forex markets were quiet on Wednesday as Brexit uncertainty led to a pause in trading.
U.K. lawmakers vote in principle for a Brexit deal on Tuesday, but pushed against Prime Minister Boris Johnson’s timetable of passing a Brexit deal in three days, causing Johnson to threaten to move for a general election before Christmas.
The U.K. has asked the EU to extend the Oct. 31 deadline, when Johnson was hoping to leave the bloc. The EU has yet to offer an extension, but the Irish foreign minister said that he thinks it will be flexible.
GBP/USD was flat at 1.2874 as of 10:27 AM ET (14:27 GMT) while EUR/USD was down 0.1% to 1.1117.
The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.1% to 97.325 while the safe haven Japanese yen slide, with USD/JPY up 0.1% to 108.56.
Elsewhere, the Turkish lira gained, with USD/TRY down 0.7% to 5.7633 after Turkey and Russia agreed to remove Kurdish militia fighters from the border of Turkey and Syria and Turkey said there was no further need for attacks in the region.
Related Articles
Forex - Pound Holds Steady amid Brexit Uncertainty
