Strong inflation and retail sales data failed to reverse USD’s weakness. In the major currency universe, British pound and the euro were the best performers last Friday. GBPUSD jumped to the highest level since June 2016 amidst breakthrough on Brexit talks. Media reported that Finance Ministers of Spain and the Netherlands have agreed to support a Brexit deal which would keep the UK as close to the EU as possible.
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Sterling and Euro Jumped amidst Breaking of Political Deadlocks
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