fund

Sterling jumps after Britain, EU agree on draft declaration for future ties


© Reuters. FILE PHOTO: Wads of British Pound Sterling banknotes are stacked in piles at the Money Service Austria company’s headquarters in Vienna

LONDON (Reuters) – Sterling jumped on Thursday after the European Commision and Britain agreed on a draft text for future EU-UK ties following their divorce.

The rose nearly one percent to hit a day’s high of $1.2894 after the agreed draft declaration stated that parties have “a trading relationship on goods that is as close as possible.”

Sterling also jumped half a percent versus the euro to hit a day’s high of 88.70 pence.

British government bond futures dropped around 20 ticks, last at 122.80.

The UK’s hit a session low as sterling rallied strongly. The index was down 1.2 percent and lagging European peers as the strong sterling dented its exporter stocks

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.