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Brexit Deal Announcement Today: Pound-Euro Rate Jumps To 1.11, Sterling-Dollar Rate To 1.357


Huge relief for Pound Sterling as UK reaches EU trade deal, Pound to Euro exchange rate tests key 1.1110 area, longer-term UK reservations continue
The UK and EU have agreed a trade deal with the final details currently being ironed out. UK Prime Minister Johnson is now due to hold a press conference this morning, although further slippage is a risk.
The Pound to US Dollar exchange rate has strengthened to highs above 1.3550 and close to 31-month highs posted last week.
The Pound to Euro exchange rate has strengthened to 1.1120 and attempting to sustain a move above the crucial 1.1110 level.
Trading desks are winding down for the Christmas holiday and a much more considered reaction will not be seen until early 2021. ....

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