XE Market Analysis: GBP Remains Volatile as Brexit Negotiations Rumble On

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OVERVIEW

  • The Pound claws back some of last week’s losses on Brexit negotiations.
  • The US Dollar slumps ahead of the Fed interest rate decision.
  • Angela Merkel assures markets that coalition talks will be done quickly.

HIGHLIGHT

Last week, the UK and the EU reached an agreement early on Friday on Brexit divorce terms after working through the night to end an impasse over the status of the Irish border that had prevented an earlier attempt to clinch a deal on Monday.