Pound Firms Against Euro And Dollar, Hitting Two Month Highs – 17 January, 2019

Despite Prime Minister Theresa May’s Brexit deal defeat in parliament, her win in a vote of confidence eased political concern and helped sterling reach a two month high against the euro. With many speculating that the risk of a hard Brexit has receded, with many viable options in the air for Britain’s next possible moves. Against the dollar, the pound was 0.25 percent higher to $1.2906, just shy of a two month high reached in November at $1.2930. The pound firmed against the euro to a two month high at 88.19 pence.