The possibility of a no-deal appears to be rising, despite Theresa May declaring a ‘bold new deal’. The pound is lower today against both the euro and dollar, although the former is also being kept lower by fears over a Eurosceptic surge in the European elections.
The dollar, on the other hand, hit a three-week high this morning, after Fed Chair Powell indicated that interest rates will not be cut. Trade war fears are continuing, with further Chinese tariffs set to be implemented next month.
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