"The financial markets have clearly decided that the conclusion of a trade agreement with the EU is currently by far the most important driver for the economy.

Over the past few weeks as the Brexit clock continues to count down the Chancellor and Bank of England Governor have speculated about the effect of leaving the EU with no deal and it has been generally agreed that no deal will have a more lasting effect on the economy overall than the Covid-19 Pandemic.

That is why, on a day when the effect on those retailers who have become dinosaurs, locked into long bricks and mortar leases on expensive High Street premises, finally accounted for two of the most prominent groups, Debenhams and Arcadia, Sterling still managed to break above long-term resistance levels.

Rumours are again circulating of a deal being reached and news of which of the two sides has blinked first is eagerly awaited.

"

Beyond Currency Market Commentary:

Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.