The US dollar has been slack for the second day already. At the same time, the euro and sterling have strengthened somewhat, since the market expects the UK and EU eventually to agree on the Brexit deal.
Meanwhile, the UK Prime Minister Theresa May is sure in the successful Brexit deal talks during the upcoming summit. As she said, this deal is real and can be achieved, which can become the right agreement for the country.
The UK Cabinet has reportedly been informed about Brexit progress.
For reference, the extra EU summit is slated for November 25 and targets agreement of the draft Brexit deal. Specifically, the EU and UK representatives already agreed on a 26-page document about the future cooperation of the UK and EU. Meanwhile, the whole set of the Brexit documents also includes 585-page draft. These documents are expected to be brought into accord during this summit.
The sterling to US dollar exchange rate rose to $1.2864, while yesterday the rate was at $1.2778. The sterling strengthened vs the euro too, reaching some 1.1286 (1.1226 earlier). As for the euro, it posted gains against the greenback – $1.1403, while the previous session recorded the level of $1.1384.