Sterling suffers a bout of nerves
Sterling is trading nearly 1% down on last weeks highs, as traders express nerves that the UK will not be able to secure assurances from the EU. Both parties have come out and echoed that 'talks have been difficult and are ongoing', which has naturally 'wobbled' the £.
The Pounds current performance is to be expected after last weeks dramatic climb. For now, Sterling will remain on the back-foot until there is something concrete from the Brexit talks which could be this weekend at some point.
Morgan Stanley today stated they believe there is now a 5% chance of a no-deal Brexit. So for Sterling buyers, this could be your week to exchange before the £ gets stronger again.