Sterling gains dollar on back foot

TOKYO (Reuters) – FxPremiere.com | FX Signals; 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.

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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.

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While there has been no official confirmation from either side that the months of negotiations had reached a conclusion, a senior British government source said Prime Minister Boris Johnson was poised to do a trade deal with the EU;

A source at the EU’s executive Commission said talks were still under way, and another British government source was also cautious, saying negotiations were ongoing.

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.

Sterling gains on Brexit deal

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.

Forex Signals – Dollar Weakens Ahead of Sterling

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 finds footing

Federal Reserve will keep its monetary policy ultra-accommodative and fiscal stimulus will speed an economic recovery in 2021.