XE Market Analysis: Sterling Clings to Gains as EU Digs in Heels on Brexit Deal

OVERVIEW

  • US Dollar still riding the non-farm job gains report wave from Friday
  • Pound holds firm on a potential customs solution for no-deal Brexit
  • The euro is weaker on Eurozone growth concerns

HIGHLIGHT

The US dollar has attracted good flows at the start of the week from yield-seekers as the concerns over the US stability have eased. The resolution of the government shutdown and a confident stance from the FOMC have helped the dollar gather back its safe haven status.