Economic news

Brexit continues to weigh on pound

The Brexit remains the one of the major influencer of the financial world and the nearer the data of voting is, the more events are closely connected to it. The pound sterling gained on Wednesday after Theresa May’s report related to the hopes of getting crucial vote from Northern Irish DUP party.

pound brexit influence Photo: Reuters

The British currency regained its day’s peak, reaching the amount of $1.2777. 

In comparison with the euro, sterling ticked up 0.2 percent, attaining it’s day’s high of 89.76 pence.

The speculations on Brexit and the role of the pound are ambiguous, that is why the analytics warning appeared at this issue and namely that one should not rushing into anything in hope to influence somehow the deal.

The possibility of the pound lowering against the dollar is not so high, as it is seen from option pricing.

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