UWM - Dollar Trades Heavily While Prospects Of A Softer And Later Brexit Send The Sterling Higher
Overview: As the North American session is about to begin, the markets await developments in the UK House of Commons where a vote is expected today on Prime Minister May's proposal to hold votes on around March 12 on the Withdrawal Bill and no deal. However, perceptions of a reduced likelihood of a no-deal exit continued to fuel sterling gains. Pakistan has reportedly shot down two Indian aircraft as the tension between these two nuclear powers intensify.
The anxiety among investors may have spurred some profit taking in equities. Most markets but Japan and Korea