Pound Retreats As U.K. PM To Invoke Article 50 On Wednesday

Date : 03/20/2017 @ 4:54AM
Source : RTTF2
Stock : Pound Sterling vs United States Dollar Spot (GBP/USD) (GBPUSD)
Quote : 1.28062  0.002155 (0.17%) @ 4:14AM
UK Pound vs US Dollar share price Chart

Pound Retreats As U.K. PM To Invoke Article 50 On Wednesday

UK Pound vs US Dollar (FX:GBPUSD)
Forex Chart

2 Months : From Feb 2017 to Apr 2017

Click Here for more UK Pound vs US Dollar Charts.

The pound trimmed its early gains against its major counterparts in the European session on Monday, after the news that the U.K. Prime Minister Theresa May will trigger Article 50 on Wednesday, with an aim to begin the Brexit negotiations with the European Union soon after the process.

A spokesman for the PM said that the U.K. has informed European Council president Donald Tusk's office of May's plan to formally trigger Britain's exit from the EU.

The Prime Minister will give a statement to MPs in the House of Commons next week, after formally pulling the Brexit trigger.

The pound eased to 1.2367 against the greenback and 1.2341 against the franc, from its early near 3-week high of 1.2435 and near a 2-week high of 1.2397, respectively.

The pound retreated to 139.58 against the yen and 0.8688 against the euro, from its early high of 140.12 and an 11-day high of 0.8659, respectively.

If the pound extends slide, it may find support around 1.20 against the greenback, 1.18 against the franc, 0.90 against the euro and 137.00 against the yen.


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:33 V:us D:20170425 08:29:08