"The pound is continuing to rally against a dollar which has barely reacted to the entirely predictable Fed meeting. As the euro stalls, the pound is continuing to make ground. This is most likely due to the much larger short Sterling positions that have been being reported by the CBOT.

While it is to be expected that a post-Brexit trade deal will be competed fairly routinely with the U.S., despite talk of sell offs in the NHS and chlorinated chicken, it is deals likely to be made with other major partners, like Japan and Australia that are likely to give the pound further wind beneath its wings."

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.