Forex – pound sterling under pressure in view of the Brexit

© Reuters. – The british pound was up slightly, but it remained under pressure on Wednesday, while the chances of seeing the agreement of the british Prime minister Theresa May on the Brexit conclude remain thin.

The GBP / USD rose 0.3% to 1.2750 at 04:58 am ET (09:58 GMT), up from the low of 1.2712.

The future of Great Britain remains uncertain, because the government will probably not have another agreement, if the bill fails, which increases the chances of Brexit hard the 29 march.

“I don’t think the british public is fed by fantasies on chords and magical alternative that will somehow jump out of the closet to Brussels,” said the Cabinet minister, David Lidington, in an interview with BBC radio.

“This agreement on the table has involved a compromise very difficult on both sides.”

The parliamentary vote is scheduled for January 15th.

Meanwhile, the euro has been boosted by the weak dollar, investors are being diverted to asset fearing the risk after the conclusion of the trade negotiations between the United States and China. The meetings have been extended for a third day, and China is expected to issue a statement on the results.

“A good result will benefit not only China and the United States. I think it is also good news for the global economy,” said the spokesman of the chinese ministry of foreign Affairs, Lu Kang.

The EUR / USD rose 0.16% to 1,1457, while the dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.11% to 95,37.

Elsewhere, the AUD / USD rose 0.2% to 0,7153, while the NZD / USD rose 0.5% to 0,6751 and the USD / CAD has lost 0.2% 1,3235.

-Reuters contributed to this report.

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