GBP is showing strength in relation to the dollar and the euro.
FOREX
The British pound continues to show strength in relation to the dollar and the euro, during early Tuesday trading. Sterling is carrying the positive momentum initiated on Monday, after the UK and the EU agreed on a framework to deal with unresolved issues related to the Northern Ireland protocol. The agreement, which has been named The Windsor Framework, comes after the EU made significant concessions and will allow both parties to embrace a more positive and fruitful relationship. After years of dispute, which ultimately could have led to a trade war between the two sides, investors were quick to price-in the brighter outlook for UK assets. The impact on the pound is clear, with sterling so far gaining 1.3% to the dollar and more than 0.5% to the euro.
Ricardo Evangelista – Senior Analyst, ActivTrades
EURGBP
USDGBP
The British pound continues to show strength in relation to the dollar and the euro, during early Tuesday trading. Sterling is carrying the positive momentum initiated on Monday, after the UK and the EU agreed on a framework to deal with unresolved issues related to the Northern Ireland protocol. The agreement, which has been named The Windsor Framework, comes after the EU made significant concessions and will allow both parties to embrace a more positive and fruitful relationship. After years of dispute, which ultimately could have led to a trade war between the two sides, investors were quick to price-in the brighter outlook for UK assets. The impact on the pound is clear, with sterling so far gaining 1.3% to the dollar and more than 0.5% to the euro.
Ricardo Evangelista – Senior Analyst, ActivTrades
EURGBPUSDGBP
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