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Pound Looks Placid in Brexit Break Before Parliament Meets Again
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Pound Looks Placid in Brexit Break Before Parliament Meets Again
Volatility in the currency has fallen to the lowest in years and options markets signal there are fewer bets against sterling after Prime Minister Theresa May gained a six-month reprieve from the European Union to try to agree a way forward. The pound has been one of the worst performing Group-of-10 currencies against the dollar and euro in the past month, yet remains the biggest gainer in 2019 after a strong start to the year on expectations of a Brexit deal. May’s talks with the opposition Labour Party are continuing as she tries to get approval for the divorce terms from a divided House of Commons.
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