Pound Shifts Away From Five Month High – 15 October, 2019

With focus on a last ditch effort to get the European Union and Britain to come to a Brexit agreement before October 31st, Sterling dipped from a five month high against the U.S. dollar and euro. The pound drifted away from the five month high of $1.2800 it reached the previous session slipping 0.20% to $1.2758. Sterling fell 0.23% against the euro to 86.51, just below the five month high hit the previous session of 86.25 pence per euro. The yen was steady against the dollar at 108.81 per dollar, while the dollar index gained slightly against a basket of six major currencies, up 0.03% to 98.322.