The gains can be attributed to two main factors. One of which is the fact that a no deal scenario is now off the table regarding Brexit. This was investors main concern when considering getting involved with sterling. Many economists were predicting GBP/EUR could get close to parity in the event of a no deal. Fortunately, a deal is now in place and although it may not be the best deal in the world, a no deal scenario has been pulled. Last week a rather significant resistance point was breached on GBP/EUR rates. 1.15 had held up for 18-months when Theresa May was negotiating a Brexit deal. Every time GBP/EUR hit the ... (full story)