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With Brexit back in the news, which way now for the pound sterling?

© Aaron Chown - WPA Pool/Getty Images As we struggle towards “deal” or “no deal”, today we consider the outlook for the once great currency that is the pound sterling. With no deal looking likely last week, and now this week being told a deal is possible, you can assume that all outcomes are priced in. The forex markets will have observed the negotiators’ every utterance, every nuance, every syllable of their body language. In other words, we shouldn’t get any surprises of the undesirable variety that so spooked markets as, for example, when the UK surprisingly voted “Leave” in 2016; when fat-fingered foreign traders fumbled a flash crash (it’s alliteration Wednesday) that same year; or when Covid-19 struck in 2020. So what might the coming days, weeks and months hold for the pound?

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The fascinating history behind 16 common Christmas traditions

Christmas stockings hanging by the fire. Rawpixel.com/Shutterstock The tradition of hanging stockings on the fireplace can be traced back to a story of a widowed man who was worried he could not provide for his three daughters, according to Smithsonian Magazine. St. Nicholas heard about the family s hardships and filled the daughters stockings, which were drying by the fire, with gold coins. The popularity of the tradition, however, can be attributed to Clement Clarke Moore s poem, A Visit from St. Nicholas from 1823. A line from the classic poem reads, [St. Nick] fill d all the stockings; then turn d with a jerk,/And laying his finger aside of his nose/And giving a nod, up the chimney he rose.

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As Brexit totters towards a skinny deal, we face an outcome that pleases nobody

But let’s just note the misfortune of Jeremy Corbyn, a renowned EU opponent, leading Labour at that point. There was nothing much more that the Irish government could have done on this issue. Efforts to influence the Irish community in the UK met a mixed reception – many of the older, established immigrants opted for Leave. But it was an honest effort, worth a try, and accusations of “Irish interference” never got much traction. It is what happened thereafter which caused the major damage. If there were more stable party politics in the UK, and wise leadership, we could now be looking at a benign Brexit having been completed some time ago, and little harm done to the people of all these islands and across the rest of the EU.

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Your Morning Briefing

Your Morning Briefing
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Kate Middleton, Prince William: Leaked Christmas photo of Cambridges and kids

Kate Middleton, Prince William: Leaked Christmas photo of Cambridges and kids
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