Further Pound Sterling (GBP) strength still seems likely vs US Dollar (USD); any advance is likely part of a higher range of 1.3325/1.3410.
The Mexican Peso (MXN) advanced by 0.60% against the US Dollar (USD) on Monday, as investors shifted away from the Greenback amid Moody’s International rating agency's review of the US government's debt prospects. USD/MXN trades at 19.32 after hitting a daily high of 19.48.
The UK government is aiming to build on recent momentum after trade deals with the US and India. The UK-EU summit on 19 May presents an opportunity to start reducing non-tariff barriers.