The Pound is staging a comeback during early Tuesday trading, recovering the previous session’s losses to the Euro and the Dollar. Despite the disruption caused by the new COVID strain and the lack of agreement with the EU, with little more than a week before the end of the Brexit transition period, sterling is showing a resilience that points at investors’ ‘faith’ in a trade deal between the UK and the EU. The current value of the British currency reflects, despite the woes the country currently faces, an optimistic market stance as to the future relationship with the European Union, with a no-deal scenario clearly priced out.
