Pound goes up as Brexit worries ease
On Wednesday, the British pound edged up because concerns over Brexit’s impact receded.
The greenback dipped as low as ¥102.25 before it regained some ground to ¥102.39. In New York, late Tuesday, the greenback was worth ¥102.74.
The British pound was soaring against the Japanese yen because worries arose over the compromises, which could be made in the process Great Britain’s departure from the European Union. The sterling sagged to ¥136.40 midday before regaining ground to ¥137.27. Late Tuesday it traded ¥137.09.
The euro weakened from ¥113.76 to ¥113.57, having dropped to ¥113.27 earlier.
Against the evergreen buck, the sterling traded at $1.3409, showing a rise from $1.3343 in New York, late on Tuesday. The euro dared to leap from $1.1067 to $1.1100 late on Tuesday.
Some folks bought the greenback ahead of the gathering, in anticipation of policy steps to back up the economy as well as financial markets. However, they simply unloaded their positions when they saw nothing happening at the meeting.