XE Market Analysis: Europe – Dec 10, 2018

The Dollar and Sterling have come under general pressure, with EUR-USD showing an intraday gain of 0.5% in printing a three-week high at 1.1442, while EUR-GBP saw an every bigger gain in posting a 10-week high at 0.8978. The Pound underperformed the Dollar, too, which has driven a modest loss in Cable, to the lower 1.2700s. Markets are bracing for tomorrow’s Brexit vote in the UK Parliament, which the prime minister has affirmed will be taking place despite reports of it being delayed, and which is widely expected to see the government’s Brexit deal voted down.