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Sterling over another Brexit hurdle, dollar struggles anew

Cable, pound crosses star performers, slight tugs against USD elsewhere. Another Brexit vote lifts sterling; no deal
Published March 13, 2019 Updated March 13, 2019 08:31pm
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By Fawad MaqsoodReuters
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Cable, pound crosses star performers, slight tugs against USD elsewhere.

Another Brexit vote lifts sterling; no deal off the table.

A one-tenth miss in February PPI helped risk trades, dollar bears.

Big core durables beat failed to change opinions.

US yields give back most of their modest overnight gains, allowing S&Ps to finally trade new 2019 highs.

WTI up nearly 2 percent on sizeable US inventory drawdown, OPEC+ cuts, Venezuela's collapse and fresh Iran sanctions talk from the US.

Gold up half a percent on dollar weakness, LME warehouse problems making the news again.

Copyright Reuters, 2019

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