The sterling appreciates as Brexit deal prospects improve
The pound has appreciated across the board at the end of the week and is up against the EURO and USD on the back of news about the exit of Prime Minister Jonson’s top adviser, Dominique Cummings. The market has assumed Cummings leaves as a signal that the UK will adopt a more favorable approach as the Brexit negotiations reach their final stage.
After missing the mid-November deadline, the negotiators are expected to return to the table on Monday in an attempt to make some progress ahead of a crucial EU leaders’ meeting on Thursday. The positions in key issuer such as fisheries and the level playing field remain the main obstacles to avoid an unorderly exit from the Union.
Recommended Strong Uptrend move for Pound Sterling against others pair on next week if BREXIT post positive results