XE Market Analysis: Sterling and the Euro Rise on Hopes of a Brexit Deal

Comments are off

OVERVIEW

  • The UK’s Pound Sterling surged to a 5 week high on hopes of a Brexit deal getting done.
  • The Turkish Lira slips as economic growth dips.
  • The Indian Rupee slumps as emerging market currencies weaken

HIGHLIGHT

European Chief Negotiator Michel Barnier sends the Pound to a 5 week high on news that he sees a Brexit deal ‘in six to eight weeks’.