Sterling jumps to 1.3000, euro also gains

Lola Evans
21 Oct 2019, 18:43 GMT+10

The British pound powered higher in the Asian session on Monday, and into early European trading.
Sterling was flirting with 1.3000 despite setbacks over the weekend for Brexit.
The euro was stronger Monday as expectations seemed to be building on both sides that a deal will get done.

SYDNEY, Australia - The British pound powered higher in the Asian session on Monday, and into early European trading.

Sterling was flirting with 1.3000 despite setbacks over the weekend for Brexit. UK Prime Minister Boris Johnson was pressing for a new vote on Monday.

The euro was stronger Monday as expectations seemed to be building on both sides that a deal will get done.

Asian stocks were largely unmoved on Monday as investors and traders sat on the sidelines.

China's Shanghai Composite rose 1.48 points or 0.05% to 2,939.62.

The Australian All Ordinaries nudged down by just 0.70 of a point or 0.01% to 6,757.70.

In Hong Kong, the Hang Seng was ahead 6.10 points or 0.02% to 22,548.90.

In Japan the Nikkei 225 added 56.22 points or 0.25% to 22,548.90.

The euro in early European trading was changing hands at 1.1176. The British pound was fetching 1.2985.

The Japanese yen was unchanged at 108.64. The Swiss franc firmed to 0.9848.

The Canadian dollar rose to 1.3116.

The Australian dollar was stronger at 0.6875. The New Zealand dollar was sharply higher at 0.6405.

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