XE Market Analysis: Sterling Under Pressure

OVERVIEW Sterling is under pressure after the Financial Times reported yesterday that EU Brexit negotiators are insisting Britain agrees to its European divorce settlement before Brussels offers any transitional deal.  Germany’s IFO business climate index rose to its highest level since February 2014 in December, thanks to strong domestic demand and a weaker Euro that is boosting export demand.   HIGHLIGHT The Pound is back under pressure over concerns about Brexit, hitting a 1-month low against the Dollar. US DOLLAR The US Dollar is broadly higher, with the exception being against the Japanese Yen as investors are cautious ahead of the…

Source: XE news feed
XE Market Analysis: Sterling Under Pressure