Live Breaking News & Updates on Markets Expect Imminent Brexit

December 24, 2020 - Written by Toni Johnson
Despite a boost in safe haven demand at the beginning of the week, the British Pound to US Dollar (GBP/USD) exchange rate is once again approaching its best levels in years. As markets await an imminent Brexit deal announcement, the US Dollar’s safe haven appeal has been dampened and the Pound is capitalising on the market’s Brexit optimism.
After opening this week at the level of 1.3522, GBP/USD plummeted. The US Dollar capitalised on safe haven demand and rebounded from recent lows, taking GBP/USD as low as 1.3193, over three cents lower. ....

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