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GBP: Optimism for deal but hurdles remain

The pound is well supported against the euro and the dollar this morning on cautious optimism that a Brexit trade deal will be finalised next week. Reports suggest that France has accepted that their fishing rights will be reduced in UK waters, which is a major...


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A good time for sterling buyers to fix a rate?

The pound has reached the middle of the week largely unchanged against both EUR and USD. As we continue to wait for deal or no deal, GBP/EUR is perfectly poised midway between the highs and lows of the pandemic period. Although sterling is trading around its highest...


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USD: Biden waits for Trump to concede

The dollar is weaker this morning as positive vaccine news, particularly the recent preliminary success for the Moderna vaccine, is providing hope. However, this is contrasted with rising cases in the US and worries about the Presidential handover. President elect,...


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EUR: COVID-19 cases flatten across Europe

The euro is strengthening against the dollar, as the dollar continues to weaken against a host of currencies. There have been reports that COVID-19 cases have begun to flatten across Europe after a series of stringent lockdowns in many countries. This has provided...


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