Currencies: Dollar, pound flat as investors digest latest Brexit step

The U.S. dollar was flat against its major rivals on Monday, though trading was volatile after the U.K. government said it would trigger the beginning of the country’s process of leaving the European Union on March 29.

The pound GBPUSD, -0.0242% was unchanged at $1.2392, though it swung between solid gains and losses on the day, trading between a range of $1.2364 and $1.2436. The U.K. currency is coming off a three-day rally, as well as a gain of about 1.6% over the course of last week, which took it to its highest level in about three weeks.

According to the Agence France-Presse news agency, European Union officials said “everything is ready” for the Brexit trigger.

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