Asian shares slip from five-month highs, pound jumps on Brexit delay hopes
Updated : February 26, 2019 12:36 PM IST
Sterling jumped to $1.3149 in early Asian trade after Bloomberg reported May was expected to allow her Cabinet to discuss extending the Brexit deadline beyond March 29 at a crunch meeting later in the day.
A delay might also anger May's pro-Brexit colleagues who could even support a vote of no confidence in the government, potentially triggering a general election.
US President Donald Trump said on Sunday he would delay a tariff hike on $200 billion of Chinese imports in the clearest signs yet that both sides were making progress in the talks, but he also sounded a note of caution, saying a deal "could happen fairly soon, or it might not happen at all."
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more