The U.S. dollar exhibited weakness against its peers on Tuesday, with the British Pound Sterling leading the charge, scoring notable gains amid reports there could be delays on Brexit.
According to reports, a second referendum looks very likely. British Prime Minister Theresa May said a vote on her Brexit deal would be held on March 12. In the event of the deal getting rejected again, there will be a vote on a no-deal Brexit in Parliament on March 13, and if that fails, the lawmakers would then vote on March 14 to see if article 50 could be extended beyond the March 29 deadline.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.