Sterling gains dollar low hopes on Brexi

TOKYO (Reuters) – Sterling extended gains on Thursday amid expectations a long-elusive Brexit deal was imminent, raising hopes the UK can avoid a turbulent economic rupture on New Year’s Day.

The dollar was on the back foot in holiday-thinned trading as hopes for an agreement that would protect some $1 trillion in annual cross-channel trade from tariffs and quotas sapped demand for the safest assets.

The British pound strengthened 0.4% to $1.3546 in Asian hours after surging 0.9% in the previous session to snap a three-day losing streak.

The dollar index was at 90.233 following Wednesday’s 0.3% slide. The euro strengthened 0.1% to $1.22030, adding to a 0.2% gain overnight.

Forex Signals

“This time it really does appear that a deal will be struck just in time for Christmas,” Westpac macro strategist Tim Riddell wrote in a client note dated Dec. 24.

Sterling gains dollar on back foot

The Brexit headlines overshadowed U.S. President Donald Trump’s demand for changes to a coronavirus aid bill, effectively threatening a government shutdown next week.

FX Signals | Dollars bought as stimulus hopes

The yen, another haven currency, was little changed at 103.56 per dollar. Bank of Japan Governor Haruhiko Kuroda said Thursday the central bank is ready to take new steps to make its massive monetary easing more effective and sustainable.

The riskier Aussie dollar traded at 75.797 U.S. cents following the previous session’s 0.8% jump. Forex Signals – Dollar set to extend decline

The greenback slipped 0.1% to 6.5204 Chinese yuan in the offshore market. The onshore yuan changed hands at 6.5325 per dollar.

Forex Signals – Dollar Weakens Ahead of Sterling

The us dollar index has lost more than 6% this year as investors bet the U.S. Federal Reserve will keep its monetary policy ultra-accommodative and fiscal stimulus will speed an economic recovery in 2021.

Sterling gains on Brexit deal

Dollar Down Over U.S. Stimulus Hopes

“If this doesn’t happen the USD could benefit from safe haven buying,” but longer term the U.S. currency will weaken to $1.23 per euro over the course of next year, she said

Sterling gains dollar low hopes on Brexi

Dollar Down Pound Up Over Brexit

Sterling gains dollar low hopes on Brexi

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Forex Signals Telegram Signals

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Sterling gains dollar low hopes on Brexi