The Pound Sterling earlier struck a 10-day trough as FX traders wait to see if the British Prime Minister is finally able to get the support he needs to push through a bill forcing a general election in early December.
U.S. President Donald Trump commented on Monday that he expects a part of the U.S.-China trade deal to come ahead of schedule,
The European Union is preparing to offer the United Kingdom a three-month extension, until January 31, 2020 with the option of leaving earlier if an acceptable Brexit deal is reached within that period of time.
Two key pieces of uncertainty are keeping Pound Sterling traders sitting on the sidelines as they wait the outcome.
Asian shares were higher in the mid-afternoon on Monday, hitting three-month highs on optimism that the United States and China are close to solidifying a “phase one” trade deal.
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