Brexit Date Extension Helps Boost Sterling – 21 March, 2019

Sterling edged up on news that Britain could leave the European Union later than anticipated, without a solid Brexit deal, while the dollar took a slight dip but managed to hold onto gains. After falling to a six week low this week, the dollar managed to edge up but settled 0.1 percent lower at 96.394. Britain could extend their divorce date to April 12, roughly two weeks later than originally planned, with Prime Minister Theresa May welcomed the decision stating that the British parliament had a clear path for the next steps. After touching a low of $1.3004, sterling managed to edge up and settle at $1.3126. Against the yen, the dollar was at 110.71 yen. The euro last stood at $1.1370.