Usd to gbp pound sterling live: Pound Sterling: Merkel Comments on Backstop Cements Support vs. Euro and Dollar Ahead of Weekend

“We understand that a change in the Withdrawal Agreement now essentially only requires Ireland’s approval. Assuming an A50 extension, we think a new EU Commission will facilitate the climb-down. Importantly, we note incoming Commission President von der Leyen strongly opposes No Deal, and could be a key player to help facilitate this process. A “time-line” instead of a “time-limit” might be one solution, but these expectations remain highly fluid,” says Ned Rumpeltin, European Head of FX Strategy at TD Securities in London.

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