Economic news

Pound grows in run up to next voting, dollar limps

The most part of British lawmakers voted on Tuesday against Prime Minister Theresa May’s Brexit deal, moreover, her talks with EU leaders on Monday turned out to be fruitless. The parliament is expected to vote either for UK leaving the EU without a deal later, on Wednesday or if this version fails, further voting on Thursday already reveals insights to extend the Brexit term or not.

pound grows, dollar slips 1303Photo: Reuters

The British pound was up by 0.51 percent and was traded at $1,314 at 8.16 GMT, having reached even the border of $1,3296 earlier this week.

The yen rose against the dollar by 0.01 percent to 111.36, while the euro showed approximately the same increase by 0.01 percent to $1,1289, rebounding from the 20-month low, which was noted last week at $1,1174.

The Australian dollar fell 0.34 percent to $0.7059 at 8.23 ​​GMT after consumer sentiment index data, which fell by 4.8 percent to 98.8 in March, compared with 103.8 in February. The New Zealand rival also dropped, by 0.4 percent to $0.6830.

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