The U.S. dollar resumed its rally following a brief pause at the start of the week, putting it back on track to end the month with an impressive gain after a four-month losing streak. | Reuters
“The dollar has made its rebound – fully justified on the strength of the January numbers that came through in February, and the repricing for the Fed,” said Ray Attrill, head of FX strategy at National Australia Bank, referring to the strong run of U.S. economic data.
That brightened the outlook for the post-Brexit UK economy, with British Prime Minister Rishi Sunak saying it would pave the way for a new chapter in London’s relationship with the bloc. The British parliament is expected to vote on the deal, with the opposition Labor Party saying it will vote in favour.The leader of Northern Ireland’s Democratic Unionist Party said his party was working through the details.
“The real thing is, is this a springboard for a stronger, much improved removal of trade frictions more generally, between the UK and the EU?”
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