Pound Sterling’s New Bank of England Burden Could Turn to Tailwind with any Brexit Trade Deal

The Pound has been burdened anew in November by evolving market expectations for interest rates at the Bank of England (BoE) and elsewhere in the world, although this weight around the ankles of Sterling could turn to a tailwind in the event that a Brexit deal is agreed over the coming days or weeks. Pound Sterling was a middling performer among major currencies for month of November on Wednesday following a performance that resulted from both international factors as well as tentative hope in the market of progress toward a trade agreement with the EU. But this performance and market focus on its underlying drivers … (full story)

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