The Pound continues to resist Buck advances and...

The Pound continues to resist Buck advances and maintain recovery momentum against the Euro on a combination of Brexit positivity and hope that latest fiscal support will cushion the UK economy against further COVID-19 collateral damage. Cable is holding ‘comfortably’ above 1.2700, albeit unable to sustain a 1.2800+ push, while Eur/Gbp has breached 0.9150 amidst reports that Britain’s chief negotiator Frost and EU peer Barnier have laid foundations for formal negotiations next week.