Brexit Talk Stalling Causes Sterling to Dip – 9 December, 2020

Further delays in Brexit deal finalizations caused the pound to take a 0.5% cut as European Commission President Ursula von der Leyen and Prime Minister Boris Johnson agreed to regroup on Sunday. The pound was trading as low as $1.3311 and was last steady 0.3% lower for the day at $1.3365. Sterling fell 0.4% against the euro to 90.446 pence per euro. The dollar index was off Fridays 2 1/2 year low, last trading at 91.019 as risk appetite grew. The dollar was slightly higher at 104.435 yen, and little changed against the euro at $1.2093 per euro. The Australian dollar was 0.4% higher to $0.7469, just below the 2 1/2 year high reached the previous session, and the offshore yuan was also just below a 2 1/2 year high at 6.5265 per dollar.