Pound advances over 1% after May's statement
The United Kingdom currency extended gains on Tuesday after Prime Minister Theresa May delivered her a statement on the progress in negotiations with Brussels to the House of Commons. She does not want the Article 50 extended and the sole focus is on getting the Brexit deal approved, the prime minister stressed. However, if the agreement is voted down again, then her government will propose extending Article 50 and the exit from the bloc.
The sterling was 1.35% higher against the United States dollar, buying $1.32794 at 5:15 pm CET, unseen since September 20 last year. It jumped the same against the Canadian dollar, changing hands for CAD $1.74966, while increasing 0.99% compared to the Japanese yen, buying ¥146.89400 at 5:14 pm CET, which is most since November 15, 2018.
Against the Swiss franc, the pound was up 1.31% at 5:16 pm CET, selling for 1.332770. At the same time, it added 1.22% against the euro, changing hands for €1.16726, highest since May 18, 2017.