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Pound Sterling Could get a Boost vs. Euro, Dollar Monday on Macron Brexit Comments, US Government Shutdown
Political events over the weekend make for a an interesting start to the coming week in foreign exchange markets. On margin, events over the weekend suggest the British Pound could be in for a decent start in the coming week. Markets are closed for the weekend but we have three issues to consider: 1) Emmanuel Macron confirms the prospect of a bespoke Brexit trade deal 2) The US Government has shut down and 3) The SDP vote on whether they should prop up Angela Merkel's leadership. For reference, the starting points for Sterling will be as follows: Pound-to-Euro exchange rate @ 1.1337 (up 0.76% on a weekly bassis), the ... (full story)
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