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20/12/2019 – This Morning’s Exchange Rates

Please find the exchange rates listed at the bottom of the article, the rates are for indication purposes only, for a live quote please contact us.

The pound was up in early London trading today, holding just above $1.30, as investors waited for the Bank of England to announce its new governor.

A person familiar with the process said that the job has gone to a former Bank of England deputy governor, Andrew Bailey.

The pound rose 0.2% versus the dollar at $1.3026, having slipped below $1.30 in overnight trading. Versus the euro it was up around 0.2% at 85.39 pence.

Also, today, the British parliament will vote on UK Prime Minister Boris Johnson’s Brexit withdrawal agreement bill. Since Johnson’s government has a large majority, the bill is expected to pass easily.

The bill differs from the version presented to parliament in October in that a clause on workers’ rights has been removed and the bill now prohibits the extension of the transition period beyond 2020.

GBP/EUR 1.1715 GBP/USD 1.3020 GBP/AED 4.7754

GBP/AUD 1.8900 GBP/CHF 1.2762 GBP/CAD 1.7108

GBP/NZD 1.9747 EUR/USD 1.1106 GBP/ZAR 18.426

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