XE Market Analysis: North America – Mar 12, 2019

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Sterling volatility with side themes of Euro firmness and Yen underperformance have characterized trading so far today. The Pound gave back most of the gains during the early session in New Zealand following news that UK Prime Minister May won some legally-binding concessions on the Irish backstop issue after meeting with EU’s Juncker and Barnier last night in Strasbourg. This has given May’s Brexit deal a fighting chance at today’s vote in the House of Commons, which is expected to take place during the evening in London.