Pound Higher Amid BoE Carney's Testimony
2018年11月20日 - 4:26PM
RTTF2
The pound was higher against its major opponents in the European
session on Tuesday, after the Bank of England Governor Mark Carney
announced his support for the Brexit deal unveiled by U.K. Prime
Minister Theresa May last week.
"We have emphasized from the start the importance of having some
transition between the current arrangements and the ultimate
arrangements," Carney told the Treasury Select Committee.
Carney declared his support for the transition arrangements in
the withdrawal agreement and the possibility of extending that
transition period.
Carney added that the withdrawal agreement would "support
economic outcomes" by preventing uncertainty of a no-deal
Brexit.
"No-deal Brexit is an unlikely scenario," he told lawmakers.
Meanwhile, European stocks fell as global growth worries
persisted and investors watched the latest developments on Brexit
after U.K. Prime Minister won support from Britain's top business
group for her draft Brexit deal.
Traders also remained skeptical about the outcome of a meeting
between U.S. President Donald Trump and Chinese President Xi
Jinping at the G20 summit in Argentina later this month.
The currency fell against its major counterparts in the Asian
session amid risk aversion.
The pound climbed to 0.8875 versus the euro, from a low of
0.8922 touched at 2:10 am ET. The pound is likely to challenge
resistance around the 0.87 level.
Figures from the Federal Statistical Office showed that
Germany's industrial producer prices rose at the fastest pace in 18
months during October.
Producer prices rose 3.3 percent year-on-year following a 3.2
percent increase in September. The increase matched economists'
expectations.
Reversing from an early low of 1.2823 against the greenback, the
pound advanced to 1.2883. The pound is seen finding resistance
around the 1.30 mark.
Having dropped to near a 3-week low of 144.07 against the yen at
4:10 am ET, the pound changed direction and appreciated to 144.91.
On the upside, 146.00 is possibly seen as the next resistance level
for the pound.
The pound edged up to 1.2789 against the Swiss franc, following
near a 2-month low of 1.2727 seen at 4:10 am ET. The next possible
resistance for the pound is seen around the 1.29 mark.
Looking ahead, U.S. housing starts and building permits for
October are due in the New York session.
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