“If PM May gets her deal through, that would be very positive for GBP, but an avoidance of a hard Brexit and an extension would still be good news and see GBP head toward US$1.35 ($1.8),” said Rodrigo Catril, a senior foreign-exchange strategist at National Australia Bank in Sydney. “We remain optimistic that a hard Brexit will be avoided, and that in our view should put a floor on GBP.”
SINGAPORE. (Mar 12): The pound advanced for a second day as the UK government said it had secured changes to its divorce deal from the European Union and planned to hold a vote in parliament.
Sterling climbed as much as 1.1% against the dollar after gaining 1% on Monday amid optimism progress is finally being made to resolve the Brexit standoff. European Commission President Jean-Claude Juncker urged the British parliament to approve the deal as he and UK Prime Minister Theresa May briefed reporters.
