Sterling Falls on Reports That May Could Resign in June By Investing.com



© Reuters.

Investing.com – Sterling was lower on Thursday after reports that U.K. Prime Minister Theresa May will step down over the summer regardless of whether or not her Brexit withdrawal agreement passes.

Cable was down 0.4%, with at 1.2790 as of 10:16 AM ET (14:16 GMT). Parliament is expected to vote on the Brexit agreement in June, and May has previously said she would step down if the plan is passed.

Boris Johnson confirmed earlier that he would run to replace May as Prime Minister.

Meanwhile, the dollar gained after jobless claims rose less than expected.

The , which measures the greenback’s strength against a basket of six major currencies, was up 0.3% to 97.643,

Data showed that the number of people applying for fell to 212,000 from the week prior, as the U.S. economy continues to sustain full-employment.

The dollar was up against the safe-haven yen, with rising 0.2% to 109.82.

Elsewhere, the euro slipped, with falling 0.2% to 1.1172 while was at 1.3428.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Leave a Reply

Your email address will not be published. Required fields are marked *