XE Market Analysis: Europe – Nov 27, 2018

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Sterling has come under pressure ahead of the London interbank open, with Cable having pegged a five-session low at 1.2769 and EUR-GBP rising to three-session highs. Some are blaming Trump’s remarks yesterday about the UK not being able to negotiate a trade deal with the U.S. under the Brexit deal, which is true as the backstop arrangement for Irish land border means that the UK will remain in the customs union, at least until such time that “facilitative arrangements and technologies” could be used on the border.