Sterling leads the pack into mid-week
An overbought Euro and an out-of-favour Dollar has propelled the Pound into the driving seat this week. £-€ rates are trading once again over the psychological barrier of 1.10 mid-market and £-$ is edging closer to 1.30 mid-market. Sterling has been recently caught in the middle of an appreciating € and a depreciating $ and is rising now because of the latter. As long as the sentiment around Brexit talks remain positive and the economic recovery carries on picking up pace, we can expect a more respectable trading range for £-€ near term.