Pound And Dollar Stable Ahead Of Major Decisions – 23 October, 2019

The pound remains at the forefront of investors mind as they keep an eye out for crucial decisions ahead of Britain’s scheduled departure from the European Union in just one week. Sterling was stable at $1.2911 as the EU contemplates granting a three month extension to Britain and after their parliament backed a withdrawal deal and rejected a tight timetable by the government. The future of the U.S. economy took center stage, shadowing trade talk progress between the U.S. and China. The dollar was flat against a basket of major currencies at 97.459. The greenback last stood at 108.65 yen, while the offshore yuan was flat at 7.0623. The euro was steady at $1.1132.