Sterling in for bumpy December before gaining in 2021: Reuters Poll

Sterling could be in for a bumpy December as Britain’s informal membership of the European Union expires at the end of the year and the two sides have yet to agree on their future trading relationship, a Reuters poll found. The pound has travelled a rocky road since Britons voted to leave the EU in June 2016, with the currency fluctuating on any Brexit news, but diplomats said on Thursday they hoped a trade deal with Britain could be agreed by Friday or at the weekend. Currently hovering just over $1.34. medians in the Nov. 30-Dec. 3 poll suggested it would trade between $1.31 and $1.36 this month. Against the euro … (full story)

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