XE Money Transfer: Pound Rises to Highest Point in a Year, Dollar Sinks on Dovishness

OVERVIEW

  • Sterling hits a year-long high point as PM May and her team prepare to head back to the negotiation table with EU Chief Negotiator Barnier and EU leaders. 
  • USD steadies after The Fed keeps rate hikes on hold in the frigid day before February
  • Oil up, yet Canada’s November GDP was down by the predicted 0.1% 

HIGHLIGHT