European Open Preview – Pound soars on Brexit deal, eyes PM May’s cabinet meeting and inflation data
Posted on November 14, 2018 at 8:50 am GMTHere are the latest developments in global markets: FOREX: The dollar index is lower by 0.2% on Wednesday, extending its losses from the previous session, which came mostly due to a recovery in the pound and euro. Sterling in particular soared after the EU and UK were reported to have reached a Brexit deal. Elsewhere, the loonie touched a fresh four-month low versus the dollar amid collapsing oil prices. STOCKS: The Dow Jones (-0.40%) and the S&P 500 (-0.15%) closed slightly lower [..]