OVERVIEW
- The Euro hit a three month high against Pound as PM May pulls ‘meaningful vote’
- Dollar rebounds from the biggest weekly drop in three months
- Canadian Dollar weakens once again as oil prices decline
HIGHLIGHT
Sterling broke through the critical 1.2700 level today on the news that PM May was going to delay the vote in the House of Commons over her Brexit deal. This fact was verified in the PM May’s speech made which resulted in the GBP’s valuation decline.