Yesterday’s high: $1.3522
Yesterday’s low: $1.3339
Brexit Deal Leaves Sterling Volatile
Last week saw the Pound fluctuate wildly against the US Dollar in response to the changing pace of Brexit discussions.
A last minute exit deal was struck on Friday, but concerns that trade talks could still be a long time coming left GBP struggling.
In the US, traders were delighted by a rising non-farm payrolls figure, but optimism was tempered by reports of falling consumer confidence.
USD Outlook: Fed Rate Decision Ahead
USD traders are focusing on Wednesday and the last Federal Reserve interest rate decision of the year.
The Fed is predicted to hike US interest rates from 1.25% to 1.50%, and the move could lift the US Dollar as long as further rate hikes are hinted at.
The Pound might be able to rally against the US Dollar towards the end of this week if the EU summit goes well and the UK is given the green light to progress with trade talks.
Signs that negotiations will kick up a gear in 2018 would be Pound-supportive, while any hints at delays could leave Sterling struggling.
09:30 UK Inflation Rate
09:30 UK Average Earnings
13:30 US Inflation Rate
19:00 US Federal Reserve Interest Rate Decision
12:00 UK Bank of England (BoE) Interest Rate Decision
EU Summit on Brexit Begins
EU Summit Findings on Brexit Progress
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Senior Currency Broker
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