Brexit Worries Cause Ripple Effect – 15 July, 2019

In an almost ripple effect, ongoing worries over Brexit caused the euro to come under pressure when it fell to just above a six month low against the dollar. Sterling slipped 0.5% overnight to $1.2515, just above the six month low it hit in January of $1.2439. Versus a basket of six major currencies, the dollar was steady at 96.924, having gained 0.13% the previous session. The euro shed 0.1% the previous day, with it remaining largely steady at $1.1260. Against the yen, the dollar was little changed at 107.960 yen. The Australian dollar gained 0.3% in the previous session, with it last remaining steady at $0.7037.