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  • that sound you can hear is a loud sigh of relief coming from trading floors after a particularly testing couple of weeks for the pound, the currency started September on a very dour note, plunging under $1.

  • 20 as it appeared increasingly likely that new Prime Minister Boris Johnson would stick to his pledge to take the U.

  • K out of the EU without a deal if needs be at the end of October.

  • The tighter the grip he appeared to have on Parliament and on the Brexit process, the more the pound fell, hitting levels more usually associated with the mid 19 eighties.

  • But abruptly, something has changed.

  • Once MP started jumping or being pushed from Johnson's Conservative Party in greater numbers on parliament stood in the way of no deal plans.

  • Sterling started to recover rumblings.

  • Now, about at least the potential for a breakthrough on talks with the U have pushed the currency Higher still is now trading above $1.24 of 4% rise in 10 days.

  • That's not to be sniffed at, and it reflects an absolutely consistent theme.

  • Ever since the 2016 referendum, the heart of the Brexit, the harder the fall for the currency, with all that entails for import costs and potential inflation.

  • So what's next?

  • Well again, the further we get away from the immediate prospect of a no deal Brexit, the higher the currency is expected to climb.

  • Whisper it.

  • But some analysts even say the market is prepared to stomach according government, if that's the way to get that done.

  • A really reversal and sentiment.

  • The pound looks cheap after its long period of stress.

  • And it's clear that overseas companies out there looking for UK targets to buy the paths in here is for further gains, but only if no deal breaks it can be kept at bay, otherwise hold tight.

that sound you can hear is a loud sigh of relief coming from trading floors after a particularly testing couple of weeks for the pound, the currency started September on a very dour note, plunging under $1.

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