XE Market Analysis: Sterling Stable as PM May Allows Final Vote on Brexit Withdrawal Agreement

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OVERVIEW

  • GBP is buoyed by average earnings creeping higher.
  • US Dollar trades on the back foot as the inflation rate excluding food and energy came in at 1.7%, against expectations of 1.8%.
  • The Euro remains stable as Merkel tries to put together her government.
  • The Swedish Krone gains helped by a boost in inflation.

HIGHLIGHT

British PM May has announced that a final Brexit withdrawal agreement will be placed by both the House of Parliament and House of Lords.