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Stock impact report

Brexit vote delay sinks sterling; dollar rebounds [Reuters]

Manulife Financial Corporation (MFC) 
Last manulife financial corporation earnings: 2/12 05:00 pm Check Earnings Report
US:NYSE Investor Relations: manulife.com/investor-relations
Company Research Source: Reuters
Brexit vote delay sinks sterling; dollar rebounds | Reuters 3 Min Read NEW YORK (Reuters) - The pound slumped to its weakest level in 20 months against the dollar on Monday as British Prime Minister Theresa May postponed a parliamentary vote on her Brexit deal, rekindling doubts about the United Kingdom’s departure from the European Union in March. Safe-haven bids stoked a comeback for the greenback which suffered its steepest weekly drop versus a basket of currencies in three months last week. The dollar’s snapback was limited as traders reduced their expectations that the Federal Reserve might pause its interest rate hikes sooner than previously thought. “Pound slowly fell in the past two years, fluctuating based on erroneous hopes of resolution, but it’s clear that leaving the single market and its benefits, in any way, is not a prosperous route,” said Juan Perez, senior currency trader at Tempus Inc in Washington. The U.K. parliamentary vote for May’s Brexit proposal was set for T Show less Read more
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