XE Market Analysis: Hopes of a Brexit Deal Peak Up the Pound and the Euro

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OVERVIEW

  • The Pound rose today as optimism grew over a Brexit deal being reached
  • The Euro also gained strength as fears over Italy’s budget deficit were trumped by encouraging Brexit headlines
  • The Canadian Dollar edged lower the USD today as oil prices fell and US Treasury yields hovered around multi-year highs.

HIGHLIGHT

The Pound reached a 3 1/2 month high against the Euro today, as Michel Barnier signalled that progress had been made on a withdrawal agreement