Brexit Uncertainty Causes Sterling To Slip – 23 December, 2019

Trade deal optimism helped push the Aussie and Kiwi higher, while sterling slipped as the market braces for Brexit uncertainty. The Aussie was sitting at near the 4 1/2 month high hit on December 13, last trading 0.12% higher at $0.69295. The New Zealand dollar last traded just under the five month high reached on Monday at $0.6626. Prime Minister Boris Johnson’s hard cutoff for Britain’s trade talks with the European Union has investors concerned about the country’s future and a smooth exit from the EU. The pound fell to a three week low on the uncertainty. the yen was little changed against the dollar at 109.37 yen per dollar, while the euro was flat at $1.1094. The dollar index slipped off Mondays high to 97.645.