Looking ‘Messy’The moves mark a turnaround after sterling rose last week to its highest in nearly five months, on a weaker dollar and speculation that a deal might be reached on Sunday, a deadline set by the European Parliament.
Talks between the U.K. and European Union will resume on Monday, with few signs that either is ready to compromise.The relative cost of hedging a weaker sterling over year-end is at its highest since the height of the coronavirus panic in March, and the most expensive among major currencies.“It does look pretty messy today -- it’s going to be a tricky week for U.K.