On Tuesday, the British pound steadied during early Asian trade after weekend comments from British Prime Minister Theresa May sent the UK’s currency skidding to 2 1/2-month minimums, while the evergreen buck wallowed as traders locked in revenues.
The pound inched up 0.2%, hitting $1.2171, having sunk as low as $1.2125 on Monday, tumbling to its lowest value since October 28, reacting to British Prime Minister Theresa May’s statement that she wasn’t actually interested in keeping even bits of membership of the EU.
The greenback traded 0.1% lower against a basket of six crucial counterparts, descending to 101.82, although it remained within sight of previous week’s peak of 103.82, that was its highest value since 2002.
It edged down 0.2%, hitting 115.90 yen , quite below its overnight peak of 117.53, although off an earlier session minimum of 115.65 yen because Tokyo traders got back to their desks after markets here were unavailable for a public holiday on Monday.
