XE Market Analysis: Brexit Legislation to Return to the House of Commons

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OVERVIEW

  • The US Dollar remains strong as expectations for higher interest rates continue to make the Greenback attractive.
  • Sterling remains under pressure as Brexit uncertainty continues to weigh on this currency.
  • The Australian Dollar surges helped by stronger than expected retail sales and corporate gross revenue profits.

HIGHLIGHT

Sterling is under pressure as Brexit uncertainty returns with The Times running an article that the House of Commons will vote on Brexit legislation on June 12th.