The British currency was the top performer of the week. There was a lively week for the pound, which began with a public row between London and Brussels.
Tag: Euro
The euro dropped on Monday after German data for September was weaker than expected, raising more fears about the economic slowdown.
The dollar recovers on Friday against its major traded rivals despite Trump’s comments on Fed, which is not unusual anymore, and an equities sell-off.
The Sterling recovered, scaling a 2-month high against the single currency, and edged up temporarily against the dollar. EU-UK is close to a deal regarding Brexit.
The Sterling dropped further to a three-week low on Wednesday as Prime Minister Theresa May defended once more her Brexit plans. Despite few new “findings” in her speech which may lead towards the one or the other direction, the response of the market was direct but not so strong.