Brexit Optimism Boosts Sterling – 11 March, 2019

With the Brexit date just days away, sterling gained as Prime Minister Theresa May managed to win legally binding assurance from the EU that a deal would be in place by March 29th, the scheduled divorce date. The pound last traded 0.6 percent higher to $1.3223, and the euro slid against the pound 84.71 pence. Against a basket of major currencies, the dollar index dipped 0.2 percent to 97.063 ahead of Thursdays release of February inflation figures. The dollar was 0.2 percent higher against the yen at 111.43 yen, while the euro was up 0.15 percent against the euro.