The British pound rose to $1.4355 against the US dollar on Tuesday, hitting its highest level since the Brexit referendum in June 2016.
The currency was supported by hopes of a better Brexit deal and expectations of a central bank rate hike.
"The sterling bulls are charging ahead of the crucial UK wages data which is anticipated to come in strong," said Stephen Innes APAC head of trading at OANDA.
"With positive vibes from the Brexit negotiations suggesting more hawkish policy room for the BOE, a robust wages data will provide the boost to May rate hike expectations and will underpin GBP sentiment."
At midday, the S&P/ASX 200 is trading 7.7 points higher at 5,849, helped up by the miners.
Mining companies are among the best performers on the market today.
AMP has dropped 3.4 per cent as the royal commission revealed it lied to the corporate watchdog.
"The sterling bulls are charging ahead of the crucial UK wages data which is anticipated to come in strong," said Stephen Innes APAC head of trading at OANDA.
"With positive vibes from the Brexit negotiations suggesting more hawkish policy room for the BOE, a robust wages data will provide the boost to May rate hike expectations and will underpin GBP sentiment."
At midday, the S&P/ASX 200 is trading 7.7 points higher at 5,849, helped up by the miners.
Mining companies are among the best performers on the market today.
AMP has dropped 3.4 per cent as the royal commission revealed it lied to the corporate watchdog.
No comments:
Post a Comment