Pound Bounces Off Amid U.K. PM May's Parliamentary Speech
29 Mars 2017 - 10:35AM
RTTF2
The pound trimmed its early losses against its key counterparts
in the European session on Wednesday, amid U.K. Prime Minister
Theresa May's speech before the U.K. Parliament, after formally
trigerring Article 50 of the EU treaty.
The PM asserted that she is strongly determined to get the right
deal from the European Union, resulting in a smooth and orderly
Brexit.
May urged the Britons to unite as the nation embarks on a
"momentous journey."
May's speech coincided with the delivery of historic letter to
European Council President Donald Tusk in Brussels, triggering the
Article 50 of the Lisbon Treaty.
Negotiations under Article 50 should conclude in two years and a
leaked European Parliament resolution said Wednesday that the
transition period after March 2019 would be no more than three
years.
The pound bounced off to 1.2475 against the greenback and 138.35
against the yen, from its early 8-day low of 1.2376 and a
2-1/2-month low of 137.60, respectively.
The pound reversed from its early near 2-week lows of 1.2284
against the franc and 0.8735 against the euro, recovering to 1.2428
and 0.8623, respectively.
The pound may possibly locate resistance around 1.26 against the
greenback, 140.00 against the yen, 1.25 against the franc and 0.85
against the euro.
Euro vs Sterling (FX:EURGBP)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
Euro vs Sterling (FX:EURGBP)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024