Brexit news continue to dominate the markets
|Last week saw Sterling hit new lows versus the € & $ with Brexit panic reflecting in the Pounds value.
After a number of resignations within the Conservative party recently, there is a real risk of either a general election or leadership challenge in the near future. These mixed with the prospect of a Brexit 'no-deal' scenario, it's actually surprising that the £ isn't even lower.
Current investor and consumer confidence surrounding the Prime Minister and ongoing Brexit talks is fragile at the moment, therefore leaving Sterling with a continuing uphill daily battle.
The key question now is whether the downward trend will continue this week. The US & Euro-Zone head the data releases this week, with the former expecting good figures all week. President Trump has raised concerns over the current strength of USD, even with the on-going trade wars, nothing seems to be slowing the $ down. The recent € strength is likely to be down to nothing more than £ weakness.