Expect significant move by sterling on the countdown to Brexit

UK and EU politicians continue to signal a strong desire to get a deal done

Trading in sterling has been volatile, with the currently being moved by the ebb and flow of EU-UK trade talks. File picture

Trading in sterling has been very volatile over the past couple of weeks, albeit while remaining within fairly well-defined trading ranges, with the currency being moved by the ebb and flow of news on the EU-UK trade talks. There is no doubt that there is a fair bit of spin going on regarding the negotiations.

The UK appears anxious to have an agreement concluded soon, having indicated that it would like a deal to be ready for consideration at the EU Summit on October 15. This is not on the cards. The EU has set the end of October as its deadline for a deal, with even talk now that the negotiations could extend into November.