The pound is strong against the dollar, euro and most major currencies this morning, despite the falling markets and lack of news on Brexit.
However, the rally could be due to a more positive outlook after Michel Barnier said he was ‘confident’ that a Brexit deal would be reached, making the prospect seem more likely that it was perhaps a week or two ago. As well as this, promising data at the beginning of the week suggests that the UK economy isn’t lagging behind its neighbours.
The euro is potentially suffering after a swathe of disappointing data yesterday and the dollar is also lagging due to economic worries, helping to give the pound a boost.
