The Pound saw relatively uninspired trade on Monday. The British currency was initially weighed down by concerns that the UK and EU would not be able to make an agreement on the Irish border, but Sterling shook off concerns.
The Pound edged higher against most major currency rivals on Monday as investors firmed on the British currency ahead of this week’s Autumn Budget.
The Pound plummeted against the majors on Monday as investors reacted to the weekend’s political news.
The Pound recovered slightly against many major currency rivals on Monday as investors anticipated further developments in the Brexit process.
After a relatively steady performance on Monday, the Pound slipped against many majors on Tuesday morning as investors reacted to the latest cautious comments from Bank of England (BoE) Deputy Governor, Sir Jon Cunliffe.
On Monday, hopes rose that UK Prime Minister Theresa May would be able to break through a Brexit ‘deadlock’ by travelling to Brussels – but her trip ended with negotiations still stuck at a standstill.