due to fighting in Libya, opec-led cuts and.S. Eye son Brexit, EU/US trade wars kicking in as Sino/US risk fades out. With so much uncertainty possible scenarios include a deal-based exit, no deal and no Brexit at all the pound has been stuck this month between.3-1.32. Australian shares dipped.25 percent while Japans Nikkei was down.15 percent. The currency hasnt been able to find traction since, said Shin Kadota, senior strategist at Barclays in Tokyo. The Australian dollar was steady.7121 after rising.3 percent the previous day. . The granting of an extension may support the pound due to the avoidance of an imminent no-deal exit, however the deadlock in Westminster over the way forward is likely to cap any rallies unless cross-party talks are more fruitful this week, said Michael Brown,. The impact of a long Brexit delay on sterling is unclear. Gift Article share up to 10 articles a month with family, friends and colleagues. For 4 weeks receive full access to the FT's trusted, award-winning news and analysis. In-depth analysis on trade, emerging markets, M A, investing and more ePaper a digital replica of the newspaper.
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The dollars strength peaked out towards the end of last week, when the.S. BDL: The rand was weaker against major global currencies on Monday afternoon, with global markets somewhat subdued ahead of risk events. Group Subscription, read more * Subscription, terms and Conditions apply. London office, british Pound, reuters: Sterling held above.3 (0.9961 pounds) on Monday but traded in a narrow range reflecting nervousness in the market about key Brexit talks in London between Prime Minister Theresa May and the opposition Labour Party. Oil-rich Norway stands alone among other developed economies in tightening monetary policy, thanks to rising crude prices and higher-than-anticipated economic growth and inflation. A compromise would support her request to delay Brexit until the end of June and the BBC reported that May could offer to remain in a permanent customs bitcoin faucet list union with the bloc to win the support of Labour. May heads to Berlin and Paris on Tuesday to meet Chancellor Angela Merkel and President Emmanuel Macron and will be phoning other leaders before setting out the case for another delay at Wednesdays EU summit in Brussels. The Canadian dollar was little changed.3314 per dollar after gaining more than.5 percent overnight. US-China trade talks resume on Tuesday, while on Wednesday EU officials will consider a request from the UK to delay Brexit until June.
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