Pound at highest since August 1 despite Brexit fear

Markets 9/14/2018, 10:44 AM
Pound at highest since August 1 despite Brexit fear

Traders largely brushed off on Friday the reports that Mark Carney, governor of the Bank of England, has warned the British government of catastrophic consequences in case the United Kingdom's withdraws from the European Union without a comprehensive agreement about future economic relations.

Helped by the dollar's broad though slight decline against major peers, the pound reached $1.31395 and ¥147.022, the highest points since August 1. Carney is scheduled to speak in Dublin shortly and investors are eager to hear whether the top rate-setter has more information about the outlook.

Sterling traded 0.17% in the green at $1.31294 at 10:41 am CET. The euro was down just 0.01%, changing hands for £0.89184. The pound was 0.08% higher at ¥146.818 and only marginally in positive territory at 1.26566 Swiss francs.

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Share:

GBP/USD+0.06%

1.2836
Chart for: GBP/USD Spot

EUR/GBP-0.14%

0.8887
Chart for: EUR/GBP Spot

GBP/CHF+0.10%

1.2838
Chart for: GBP/CHF Spot

GBP/JPY-0.01%

144.6895
Chart for: GBP/JPY Spot