Sterling holds above three-week lows as Johnson's Brexit plans eyed
LONDON - The British pound dipped to three-week lows against a broadly robust dollar on Tuesday, with Prime Minister Boris Johnson expected to soon present his proposals for an amended Brexit agreement.
The government’s proposals are expected to include new ideas that remove the contested insurance policy for the Irish border that Britain previously signed up to. Chartists said they are watching the $1.2279 level, the 50-day moving average — a technical indicator that refers to the currency’s average closing price over the past 50 days.For a graphic on Sterling versus the dollar, clickThe latest UK economic data had little immediate impact on a currency, largely driven by Brexit headlines.
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