Sterling continues to marginally buck the broad trend in...

Sterling continues to marginally buck the broad trend in major circles, and latest fiscal initiatives rolled out by UK Chancellor Sunak may have been a factor, albeit all pretty much in line with overnight reports in the media (6-month, 2/3 wage support scheme, though bounce back loans will be extended to 10 from 6 years, with the deadline for applications rolled out to the end of this year). Moreover, the Pound gleaned a degree of traction Brexit-wise again, as a source claimed that EU’s Barnier confided in private that he is realistic about the chances of striking a trade deal with the UK, and technical talks are going well. Usd/Try is currently at the lower end of a 7.7160-7.5510 band, Cable is holding just above 1.2700 and Eur/Gbp midway between 0.9180-14 parameters.