Forex – sterling retreats for the Brexit

Investing.com – The british pound was down Wednesday, as concerns about the Brexit weigh and that companies are preparing themselves for the departure of the Uk from the EU in march.

The GBP / USD dropped 0.47% to 1,2691 at 05h35 ET (10h35 GMT).

Activity in the manufacturing sector in the Uk has reached its highest level in six months in December, while businesses are preparing for a hard Brexit, said IHS Markit in its monthly report.

The draft agreement on the Brexit signed by the first minister Theresa May should be submitted to the vote of the british Parliament before the end of the month of January, but questions remain about its adoption. Government officials are wary of the agreement concluded between the european Union and the border of northern ireland and ask for assurance that this agreement will be temporary.

The euro was also lower, with the EUR / USD down 0.2% to 1,1438.

The dollar index, which measures the greenback’s strength against a basket of six major currencies, remained almost unchanged at 95,77, traders remaining cautious in the face of the commercial war, the sino-american and political instability so that the american government is still in place.

A message from Donald Trump, president of the United States, on Tuesday, suggested that he might be willing to negotiate.

“The security at the border, the wall and the closure of the government is not where Nancy Pelosi wants to start her term as president! Make a market? “, The president said on Twitter.

The dollar was down against the japanese yen, with USD / JPY down 0.7% at 108,94.

Elsewhere, the NZD / USD fell 0.12% to 0,6706, while the AUD / USD lost 0.5% to 0,7011.

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