Pound rockets on deal optimism as talks get down to the wire

The Pound has been experiencing some swings in recent weeks as Brexit news makes its way onto the market. This morning the British currency fell as some of the recent Brexit optimism faded, but as the day has gone on, Sterling has reached a five-month high against the US Dollar and rallied across the board—in some cases by around 1.50%! A lot of Sterling’s upward momentum came when Michel Barnier, the EU’s chief negotiator was reported as saying he was ‘optimistic’ a deal could be struck. However, there’s still a long way to go, and Sterling gains could easily be disrupted if any pessimism seeps in. 

To discuss how you can take advantage of this positive market shift, speak to your Dealer or call us today on +44 (0)20 7989 0000. 
 

Today’s interbank highs so far

GBP/USD – 1.2839

GBP/EUR – 1.1630

GBP/CAD – 1.6973

GBP/AUD – 1.9085

GBP/NZD – 2.0549

GBP/NOK – 11.8118

GBP/SEK – 12.6073

GBP/DKK – 8.6888

GBP/HKD – 10.076

GBP/SGD – 1.7629

GBP/CHF – 1.2807

GBP/JPY – 139.702

GBP/ZAR – 19.2464
 

Correct as of 14:57