Sterling close to five-month high — but Brexit talks to restart
The pound’s good performance has been due to Brexit being on the back burner, but traders are braced for new volatility as talks resume
18 August 2020 - 14:24
London — The pound approached a five-month high against the dollar on Tuesday, driven by weakness in the US currency, but analysts remained cautious about the outlook for sterling as a new round of Brexit talks began.
The dollar index hit new lows on Tuesday, facing the triple woes of diminishing yields, weak US economic data and a lessening of demand for safe havens...
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