Yesterday's talks about Brexit were disrupted and not all conditions could be discussed and finalized. It was the question of the Irish border that became one of the stumbling blocks. This event prompted the British currency to decrease and currently the pair is approaching the 1.3415 mark.
The prime minister Theresa May is required to sign on the exit from the EU bloc by December 14 when a summit of European leaders to begin talks on trade relations will take place.
Against the US dollar, the exchange rate has the support of Senate's decision on Saturday on the adoption of the tax reform, as well as its speedy approval with the administration of the White House. However, negative impact on the reserve currency is provided by political interference in the investigation of the presidential election in 2016, which also featured the current president Donald Trump.
In addition, this month we expect the Federal Reserve to raise interest rates against the adoption of new tax rules, which would entail an increase in public debt in the next 10 years by about 1.4 trillion dollars.
