FOREX TradingCharts.com

Forex News: Pound Firms Against Majors

Pound Firms Against Majors

04/23/2019 - 08:02:00 (RTTNews)

(RTTNews) - The pound strengthened against its major counterparts in the European session on Tuesday, as investors awaited UK cross-party talks resuming today to resolve Brexit crisis.

The Prime Minister's deputy, David Lidington, and the Brexit secretary, Steve Barclay, will lead talks with Labour shadow ministers, including shadow Brexit secretary Sir Keir Starmer this afternoon.

A number of working groups involving individual ministers and their Labour counterparts have been scheduled for later in the week.

Meanwhile, the UK Parliament reconvenes today after an 11-day Easter break.

The UK lawmakers' return come amid further challenge to leadership for PM Theresa May.

Expectations that the U.K. PM will face another no-confidence motion dragged down the pound on Monday.

The currency traded mixed against its major counterparts in the Asian session. While it held steady against the franc and the greenback, it rose against the euro. Against the yen, it declined.

The pound appreciated to 1.3266 against the franc, its strongest since March 19. The pound is seen finding resistance around the 1.34 level.

The pound firmed to a 5-day high of 1.3019 against the greenback, from a session's low of 1.2975 hit at 8:15 pm ET. Next likely resistance for the pound is seen around the 1.32 level.

After declining to near a 2-week low of 144.98 against the yen at 9:00 pm ET, the pound reversed direction and advanced to a 5-day high of 145.63. On the upside, 147.00 is possibly seen as the next resistance level for the pound.

The pound climbed to a 4-day high of 0.8642 against the euro, from a low of 0.8674 touched at 6:00 pm ET. The pound is likely to find resistance around the 0.84 level, if it rises further.

Looking ahead, Canada wholesale sales for February, U.S. house price index for the same month, new home sales for March and Eurozone flash consumer sentiment index for April are due in the New York session.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Dollar Mixed Ahead Of U.S. Existing Home Sales (07 hr(s), 18 min(s), 26 sec(s) ago)
(RTTNews) - The U.S. existing home sales for April are scheduled for release at 10:00 am ET Tuesda ...Full Story»

Canadian Dollar Higher On Rising Oil Prices (08 hr(s), 21 min(s), 26 sec(s) ago)
(RTTNews) - The Canadian dollar drifted higher against its major counterparts in the European sess ...Full Story»

Pound Falls On Brexit Concerns (10 hr(s), 09 min(s), 26 sec(s) ago)
(RTTNews) - The pound declined against its major counterparts in the European session on Tuesday, ...Full Story»

U.S. Dollar Appreciates Against Majors (14 hr(s), 03 min(s), 26 sec(s) ago)
(RTTNews) - The U.S. dollar drifted higher against its major counterparts in the early European se ...Full Story»

U.S. Dollar Reverses From Early Highs Against Most Majors (07 hr(s), 03 min(s), 26 sec(s) ago)
(RTTNews) - The U.S. dollar declined against its most major counterparts in the European session o ...Full Story»

Aussie Up After Australia Conservative Coalition's Surprise Election Victory (13 hr(s), 33 min(s), 26 sec(s) ago)
(RTTNews) - The Australian dollar gained ground against its major opponents in the Asian session o ...Full Story»

Euro Little Changed Following German PPI (15 hr(s), 21 min(s), 26 sec(s) ago)
(RTTNews) - After the release of German producer prices for April at 2:00 am ET Monday, the euro c ...Full Story»

Euro Retreats Ahead Of German PPI (15 hr(s), 30 min(s), 25 sec(s) ago)
(RTTNews) - Destatis will release German producer prices for April at 2:00 am ET Monday. Ahea ...Full Story»

Search

FOREX NEWS

Dollar Mixed Ahead Of U.S. Existing Home Sales

05/21/2019 - 10:06 AM (RTTNews)
(RTTNews) - The U.S. existing home sales for April are scheduled for release at 10:00 am ET Tuesda ...Full Story>>

Canadian Dollar Higher On Rising Oil Prices

05/21/2019 - 09:03 AM (RTTNews)
(RTTNews) - The Canadian dollar drifted higher against its major counterparts in the European sess ...Full Story>>

Pound Falls On Brexit Concerns

05/21/2019 - 07:15 AM (RTTNews)
(RTTNews) - The pound declined against its major counterparts in the European session on Tuesday, ...Full Story>>

U.S. Dollar Appreciates Against Majors

05/21/2019 - 03:22 AM (RTTNews)
(RTTNews) - The U.S. dollar drifted higher against its major counterparts in the early European se ...Full Story>>

U.S. Dollar Reverses From Early Highs Against Most Majors

05/20/2019 - 10:22 AM (RTTNews)
(RTTNews) - The U.S. dollar declined against its most major counterparts in the European session o ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.