Brexit Deal’s Unintended Consequences It’s the first full trading day since the Brexit deal was announced and the British Pound is trading…lower . That seems like a surprise, insofar as instances of negotiations teetering proved to drag down Sterling. That there hasn’t been a more positive reaction in the GBP-crosses could be a result of the illiquid holiday trading conditions; on the other hand, there has been plenty of volatility in the US Dollar today following the fiscal stimulus and government shutdown news. It may be time for traders to circle back to what seems like a niche issue: Scottish … (full story)
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