Rate Alert: Pound holds on to 17-week highs

Another bad day at the office for the PM yesterday.

Having been overruled by the UK Supreme Court, our beloved politicians must now go back to work.

The Pound initially rose on the news, but investors soon realised we are no closer to resolving Brexit.

At present, the Pound continues to hover near 17-week highs against the Euro and 9-week highs against the US Dollar.

It’s easy to forget that in the summer, GBP/EUR got as a low as 1.06 and GBP/USD fell below 1.20.

The recovery has been swift, but with so much uncertainty ahead, the prevailing trends could just as quickly go into reverse.