Saint Helena Pounds

We got weak UK economic data, a rate cut from the Bank of England, and coronavirus fears to take the British pound down!

Brexit optimism propped sterling higher for the most part of the previous week. Can the U.K. currency hold on to its gains?

Sterling beats most of the major currencies this week after a strong start on positive PMI data was able to weather a very dovish comment from BOE Governor Carney later in the week. 

The U.K. has a new PM, which didn’t turn out to be a good thing for Sterling bulls as the odds of a no-deal Brexit rose as the week went on