The pound has reached near one-week highs today, as hopes have been raised that no-deal could be avoided – although this lift could be short-lived, as there will be plenty of political back-and-forth before any concrete happens.
Sterling is also benefitting from a weakened euro after Olli Rehn, of the ECB’s Governing Council, told the press that a large-scale stimulus package would be required to boost the European economy.
The dollar has also profited from this uncertainty, and is up against the euro. However, it is down against the pound, despite a surge in US retail sales.
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