Sterling Positive as EU Reportedly Willing to Offer Brexit Delay By Investing.com

  


© Reuters.

Investing.com – The pound turned positive against the greenback on Thursday on a report that the European Union is prepared to grant another Brexit extension to the U.K. to prevent the country from leaving the bloc without deal.

Business Insider published news of the potential deal, citing a leaked European Parliament draft resolution.

rose 0.15% to $1.2344, but had traded as high as $1.2368

The resolution suggested that members would back a fresh extension if its purpose would be to “avoid a ‘no-deal exit,’ to hold a general election or a referendum, to revoke Article 50, or to approve a Withdrawal Agreement.”

U.K. Prime Minister Boris Johnson has said several times that he is not willing to ask the EU for a further delay to Brexit, despite U.K. lawmakers passing a law to stop a no-deal Brexit.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link