XE Market Analysis: Sterling Struggles at the Start of the Week

OVERVIEW

  • US Dollar consolidates from Friday’s gains.
  • Theresa May says no to customs union post-Brexit.

HIGHLIGHT

The US Dollar has consolidated its gains from Friday on the back of a stronger than expected employment number last month. The stock markets continued their move lower while bond yields rose as markets start to believe another rate hike from the Federal Reserve will be sooner rather than later.