Brexit Concerns Dip Pound, Dollar Hold Onto Overnight Gains – 7 September, 2020

Brexit uncertainty caused the pound to dip, while the dollar held onto gains in overnight trading. The dollar edged 0.2% higher against a basket of currencies  as risk appetite returned and was last trading at $1.1816 against the euro. The Australian dollar was up 0.1% to $0.7280 and the kiwi was slightly higher after a statement from the central bank on rates. The yen last stood at 106.30 per dollar, while the pound fell 0.8% against the dollar on new Brexit concerns. Sterling last stood at $1.3162 and was just above a two week low against the euro at 89.77 pence/