Sterling headed for its worst week in more than two years on Friday as Brexit woes are still around. Worries grow about whether a deal can be secured before the December 2020 hard deadline.  

China and the United States are in touch over the signing of their Phase 1 trade deal which was announced last week after more than two years of on-and-off trade talks.

A run of better data recently has helped easing fears of a recession. Also phase one trade deal appears to have calmed some of the uncertainty on the global outlook.

Britain’s prime minister is ready to play rough in Brexit talks by playing the card of a Brexit cliff-edge at the end of 2020 and Brexit linked fears return.

The United States and China announced a preliminary trade deal, averting additional tariffs on Chinese goods that the US was set to be implemented on Dec. 15.