Sterling Steady With Investors Remaining Cautious – 27 December, 2018

The pound managed to hover just over a three day low, helped by a weaker dollar, though investors remained cautious while awaiting further Brexit details. Against the euro, the pound dropped 0.4 percent to 90.14 pence. Sterling was steady against the dollar at $1.2635, having climbed to $1.2665 and 0.2 percent in Asian sessions.  After falling to a 20 month low on December 14, the pound has managed to gain and perform well against the dollar, with Prime Minister Theresa May hoping to convince lawmakers to support her Brexit plans next month ahead of the scheduled divorce in March.