Some comments from UK chancellor Philip Hammond - 25 January 2018
- Sterling level helps with exports and also rising costs of imports
- Brexit transition deal will probably be 2 years
- Financial services must be part of Brexit deal
- UK has negotiating weight on financial services
- UK will want to form close customs agreement
- Softness of US dollar is helping US exporters
- Recognises the concerns of US about trade fairness
- Hopes the current dollar level addresses US concern
- Should be cautious about Bitcoin
Seems like just about everyone is chiming in with comments on the dollar today. Sterling not really moving on his comments about the currency or on Brexit though, despite him saying they have some negotiating power over the EU on financial services.
Well, we'll see when we get to the discussion part of things I guess.