XE Market Analysis: Sterling falls to 11 month low against the US Dollar

OVERVIEW

  • Sterling weakens on comments from officials that there is a strong risk of a no-deal Brexit.
  • US Dollar rises, continuing two consecutive weeks of gains.
  • Disappointment as German industrial orders dropped to an 18 month low.

HIGHLIGHT

Sterling falls against the US Dollar and the Euro, after UK Trade Minister Liam Fox suggested the odds are 60-40 that Britain will leave the EU without agreeing any Brexit deal.