XE Market Analysis: Sterling rises on Brexit Report, Euro sinks on Italian budget worries

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OVERVIEW

  • Sterling strengthens widely despite a Conservative party Brexit conflict
  • The Canadian Dollar is at a 4-month high on headline-grabbing USMCA trade deal
  • The Turkish Lira is at a 6-week high

HIGHLIGHT

The Canadian Dollar and Mexican Peso strengthened on a deadline-defying USMCA trade deal which will replace the beleaguered NAFTA agreement. This propelled the Canadian Dollar to a 4-month high against the US Dollar as long-standing uncertainty faded away.