British Pound Falling on Brexit Headlines

The British pound recorded the biggest move in quiet trading in the currencies of the Group of Ten major countries today, Tuesday, and declined in general with the growing state of caution among investors awaiting the outcome of trade talks with Britain, which approached their last moments without reaching an agreement.

Just three weeks before Britain completes its withdrawal from the European Union, the leaders failed to narrow the differences over a post-Brexit trade deal. Against the dollar, the pound sterling fell about 0.5% to $ 1.3323.

Against the euro, the British currency fell 0.3% to 90.74 pence.

Investors ’anxiety exacerbated at the beginning of the week, as the pound fell more than two years against the dollar yesterday, after news that British Prime Minister Boris Johnson would travel to Brussels this week for what some described as a final attempt to reach a trade agreement. The sterling recovered slightly today but is still in a state of defence.

Against a basket of currencies, the US dollar rose to 90.969 while the Australian and New Zealand dollars caught their breath and stabilized near their recent peaks.

The euro was unchanged at $ 1.2102.