Forex Market Review (Asian Session) – Sterling weakens as UK starts Brexit process, dollar jumps on Fed rhetoric
Posted on March 29, 2017 at 7:35 am GMTThe pound was one of the worst performing major currencies during forex trading in Asia today, as the UK is set to trigger Article 50. The dollar was broadly stronger after a report showed US consumer confidence jumped to a 16-year high. British Prime Minister Theresa May has already signed the letter to initiate the formal process of leaving the EU on March 29, formally beginning two years of talks . Uncertainty surrounding the process weighed on sterling, pushing it lower [..]