After Monday’s tumble, the British pound rebounded and managed to outperform all the other major currencies following headlines that the UK and the EU have eventually struck a draft deal over Brexit. The Loonie was yesterday’s biggest loser, tracking the tumble in oil prices. As for today, we get inflation data from both the UK and the US.
Pound Soars as EU and UK Find Common Ground on Brexit
The pound rebounded and managed to outperform all the other G10 currencies. The main losers were CAD, USD and JPY in that order, while the currency that lost the least was SEK.
Once again, it was all about Brexit. After tumbling on Monday, the British currency entered a recovery mode yesterday following headlines that the UK and the EU are close to finding common ground on the divorce terms, and surged even more after the...
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