1. Gold Skyrockets On Brexit Uncertainty And Weaker Dollar
Gold scaled a near two-week peak on Wednesday, after reclaiming the key $1,300 level in the previous session, as investors turned to safe-haven assets after British lawmakers rejected an amended exit deal, while a weaker dollar lent further support. Specifically, spot gold (XAU/USD) was up 0.25 percent at $1,304.88 per ounce, as of 7:40 GMT, after touching its highest price since March 1 at $1,305.69 earlier in the session.*
2. Sterling Recovers After May Suffers Yet Another Defeat
The sterling recovered some of yesterday’s losses this morning after noting noting a plunge following the defeat of British Prime Minister Theresa May’s European Union exit deal. Markets are currently bracing for more volatility ahead of additional Brexit proceedings. The British Parliament on Tuesday rejected May’s deal to quit the European Union for a second time, deepening the country’s political crisis days before the planned departure date on March 29. Lawmakers will now vote later on Wednesday on whether Britain should quit the world’s biggest trading bloc without a deal. If a “no-deal” exit plan is rejected, another vote will be held on Thursday on whether to extend the March 29 departure date.**
3. Dash Adds +14% After PolisPay Integrates DASH On Its MasterCard Crypto Debit Card
Dash skyrocketed against the USD this morning as news of PolisPay Debit Card integration spread. DASH broke through its yesterday’s $86 resistance level, smashing the $90 R2 level and is currently targeting the $100 R3 level. DASH/US was last seen trading +14% higher at $92.95 as of 7:45 GMT. Dash is rallying on the news that PolisPay has officially integrated Dash as a payment solution. The news comes after the payment platform announced the beta for its Mastercard cryptocurrency debit card.***
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*Source: CNBC Mar 13, 2019 2:48 AM ET
**Source: Reuters Mar 13, 2019 3:53 AM ET
***Source: Blokt Mar 13, 2019 03:07 AM ET
