It was a choppy week for the pound last week, as Brexit sentiment moved from a seeming increasing chance of a no-deal into hopes, albeit slim, that progress is being made towards a deal.
Sterling is strong against the euro at the start of what promises to be a very busy week, despite only a few economic releases on the horizon. Poor economic data from Germany has caused the euro to weaken this morning. The Supreme Court will likely announce its decision on Parliament’s prorogation later this week, which could instigate some movement for the pound.
The dollar ended last week in a stronger position, and has a busy week of economic data ahead, including GDP figures. China-US talks are also continuing, although substantial progress is not yet expected.
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