British Pound Plunged on Brexit Impasse; Crude Oil Slumped with US Output on Par with Saudi

Posted March 1st, 2018 by IvaBeale1761346 and filed in General News

While the market is awaiting another leg of Fed Chair Powell’s testimony and US PCE data, intensification of Brexit tensions weighed on British pound, sending the currency more than -1 % lower against US dollar. UK PM Theresa May reportedly dismissed the Irish border arrangement lain down in the draft text by the Euroepan Council. The EU summit scheduled on March 22 is closely watched.

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British Pound Plunged on Brexit Impasse; Crude Oil Slumped with US Output on Par with Saudi

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