The British pound extended gains Thursday, December 24, amid expectations that an agreement related to Britain’s exit from the European Union is imminent after a long period of being considered difficult to achieve, which raises hopes that Britain will be able to avoid an economic disruption with the beginning of the new year.<\/p>\n\n\n\n
US dollar is threatened in light of lacklustre dealings due to a holiday, as demand for safer assets is declining due to hopes for an agreement that would protect trade between Britain and the European Union by about a trillion dollars annually in customs duties and setting quotas.<\/p>\n\n\n\n
The pound rose 0.4% to $ 1.3546 in Asian trading, after rising 0.9% in the previous session, ending a series of losses that lasted for three consecutive days. The dollar index reached 90.233, after dropping 0.3% on Wednesday.<\/p>\n\n\n\n
The euro rose 0.1% to $ 1.22030, which adds to a 0.2% gain overnight.<\/p>\n\n\n\n
The yen, another safe-haven currency, was little changed, as it stood at 103.56 per dollar. The Australian dollar was trading with the highest risk at 75.797 US cents, after a 0.8% jump in the previous session.<\/p>\n\n\n\n
Against the Chinese yuan, the US currency fell 0.1% to 6.5204 Chinese yuan in foreign trade. Domestically, the yuan traded at 6.5325 per dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"
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