Pound gains stall on Brexit fallout
CURRENCIES
Market update – 18/Jul/2018
It was once said that "A week is a long time in politics” well 24 hours seems a lifetime these days. The Brexit secretary David Davis’s resignation this AM has stalled the Pounds optimism following the government's supposed Brexit agreement breakthrough at chequers. Dominic Raab has since been appointed as the new Brexit secretary, but with potential further resignations and speeches from key cabinet ministers due later today expect further volatility.
Indicative Rates
GBP>USD 1.3330
GBP>EUR 1.1335
EUR>USD 1.1770
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