XE Market Analysis: “New Brexit” Deal Tastes like Same Old Wine in a New Bottle, Souring GBP

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OVERVIEW

  • The Dollar Index under pressure this morning down 0.1%, as trade tensions escalate

  • British pound touches new four-month low as MPs criticise the “new” deal

  • NYMEX WTI crude drops 1.27% and likely to weigh on commodity currencies

  • XE Webinar on “Effective FX Risk Management” for UK businesses is live tomorrow (05/23/2019)