A good week for the British and the common currency has just started. Pound rises after three weeks of losses while Euro gains as U.S.-China trade-talk optimism boosts sentiment.
The pound edged higher on Friday as strong British retail sales data lifted sentiment. However, investors were considering the consequences of a Brexit vote defeat in parliament for Prime Minister Theresa May.
The euro rose from a three-month low as hopes of progress in China-U.S. trade talks lifted risk appetite towards major currencies.
Pound climbed higher, briefly, 0.5% on Wednesday, propelled by large purchase orders executed in a thin market. Renewed suggestions of a delay to Brexit also lifted sentiment on the currency.
Dollar set for biggest winning streak in two years on trade optimism. Hopes of a breakthrough in US-China trade talks encouraged investors to cover short bets on the currency.