Sterling jumps to 1.3000, euro also gains

Sat, 18 Jan 2020

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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Tennessee Daily.

More Information

40 ℉

Cloudy in Nashville

Business

Section

New York to spend $6.8 billion over 5 years to combat climate change

ALBANY, New York - New York state is to spend an additional $2 billion on energy efficiency and building electrification ...

China economy slows to 3-decade low, stocks finish flat

SYDNEY, Australia - Stock markets in Asia finished in the black on Friday, despite the release of economic data in ...

Lower expenses and low debt highlights of New Zealand financial report

WELLINGTON, New Zealand - The New Zealand government's books are in good shape with the accounts in surplus and expenses ...

ADB issues 3 and 10 year USD bonds worth $4.25 billion

MANILA, Philippines - The Asian Development Bank (ADB) returned to the U.S. dollar bond market on Wednesday with the pricing ...

Japanese and Australian shares advance, China holds its fire

SYDNEY, Australia - Stocks in Asia were mixed on Thursday, despite the historic signing of a new trade deal, or ...

Website manager offered investors returns of 15% to 25%

WASHINGTON, DC - The Securities and Exchange Commission has frozen the assets of an Illinois man and his company after ...

US

Section

U.S. government report concludes White House violated law

WASHINGTON, DC - On the eve of U.S. President Donald Trump's impeachment trial a damning new government watchdog report has ...

Way paved for Donald Trump impeachment trial to begin

WASHINGTON, DC - The Senate impeachment trial of President Donald Trump began Thursday with preliminary proceedings, including House lawmakers who ...

Weinstein defense team renews push for new trial venue

NEW YORK, New York - American film producer Harvey Weinstein's defence team has asked for a change in the venue ...

Iran will have nuclear bomb by end of 2020, warns Israel

JERUSALEM - Israel's army intelligence says Iran will have enough enriched uranium to produce one nuclear bomb by the end ...

Reviewing the winners and losers of the Democratic Debate

Editor's note: Six Democrats qualified for the final debate before the Iowa caucus on Feb. 3. We asked three scholars ...

McGregor seeks to emerge from controversy in UFC comeback

Los Angeles - Mixed martial arts star Conor McGregor returns to the Octagon after a 15-month absence seeking - he ...

Movie Review

King Solomon's Mines