|Day's range||1.132 - 1.133|
|52-week range||1.0798 - 1.1580|
The pound rallies Monday even as analysts warned the U.K. government was in danger of collapse after Brexit secretary David Davis’s resignation.
The British pound climbed against the dollar Thursday after a report the U.K. government plans to stay in the customs union beyond 2021, while the greenback slightly ease against major rivals but still hovered at highs for 2018. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB) was down 0.2% at 93.191, holding around its highest levels of the year, but off Wednesday’s print of 93.391. A broader measure of the greenback, tracking 16 rival monetary units, the WSJ Dollar Index (CALCULATED:BUXX) slipped 0.2% to 86.73.
The pound moved sharply lower against all other major currencies on Friday after data showed U.K. economic growth slowed more than expected in the first quarter. Sterling fell to $1.3822 from $1.3915 late ...
“On a trade-weighted basis, sterling is heading in the right direction, but there is still some way to go to recover the drop since Brexit,” he said. The U.K.’s biggest trading partner by far is the European Union, the bloc that the country is planning to leave after the Brexit referendum on June 23, 2016.