United States Dollar (USD)

Asset Class:

Currency

USD:GBP
0.8004

Change Today: -0.0000

USD:EUR
0.9352

Change Today: -0.0001

USD:JPY
158.3335

Change Today: +0.0430

Pound shrugs off cabinet's Brexit deal approval

By Oliver Haill

Date: Thursday 15 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Huge doubts remained about Brexit across Westminster and in financial markets after Prime Minister Theresa May's cabinet "collectively approved" a withdrawal agreement with the European Union.
May told reporters outside Downing Street that she believed "with my head and my heart" that the deal was the best one for the UK, but said the other options were a no-deal Brexit or "no Brexit at all".

At least nine members of the cabinet raised strong objections to the deals during a five-hour meeting and, facing hostility to the deal and her continued role as party leader, May admitted that she faced "difficult days ahead".

Having been signed off by the cabinet, the deal still needs to clear several more hurdles will now have to go to a special EU summit later this month, before being put before the House of Commons in early December.

The pound, which has been the key gauge of financial market sentiment over Brexit, was little moved on Wednesday evening and into Thursday morning, down 0.1% versus the euro at 1.1482 and up 0.2% against the dollar to 1.3020.

Email this article to a friend

or share it with one of these popular networks:


 

Market Data

Currency Rate Chg
AUD 1.5307 -0.0001
CAD 1.3670 +0.0002
CHF 0.9145 0.0000
CNY 7.2464 -0.0000
DKK 6.9744 +0.0007
EUR 0.9352 -0.0001
GBP 0.8004 -0.0000
HKD 7.8284 -0.0000
INR 83.4030 +0.0205
JPY 158.3335 +0.0430
NOK 11.0345 -0.0025
NZD 1.6835 +0.0001
SEK 10.9478 +0.0017
SGD 1.3628 0.0000
THB 36.9855 -0.0100
TWD 32.6290 +0.0020
ZAR 18.8074 +0.0006

Top of Page