XE Market Analysis: North America – Mar 13, 2019

Comments are off

The Pound has been outperforming, and was showing a 0.6% gain on the Dollar heading into the New York interbank open, and a similar magnitude of advance against the Euro and Yen, among other currencies. On factor at play seems to be the fact that UK Prime Minister May is looking secure in her position, despite the resounding second defeat of her Brexit deal yesterday. She can’t be subject to a confidence motion having recently survived one, and she looks to be retaining the pragmatic support of most members of her Tory-DUP minatory government.