Sterling jumps after Britain refuses to leave the EU without an agreement

Sterling jumped late Wednesday to its highest level after British lawmakers refused to leave the European Union without reaching an agreement in any case.

Sterling hit a recent high of 1.39 percent to $ 1.326 after falling and rising during the week as the price moved in a range of 3.5 cents against the dollar
The British currency is still below the session’s high of $ 1.328, which reached it immediately after the vote as there is still uncertainty about the process and the next move.
The US dollar fell on Wednesday after new data on inflation boosted the possibility that interest rates would not be raised in the United States soon.

The dollar index, which measures the performance of the greenback versus a basket of rival currencies, fell 0.43 percent to 96.515.

The Aussie slumped after a drop in consumer sentiment to a one-year low in March triggered concerns about a slowing economy.

Source: News Agencies