Pound received support after Jacob Rees-Mogg’s comments. Although he was not very positive, he said he believed that Theresa May would remain a minister at least until March, and a confidence vote is not necessarily imminent. This is not very promising for the Brexit talks but gives reasons for traders to continue buying GBP.
Source: Bloomberg Pro Terminal
Chart: Used with permission of Bloomberg Finance L.P.
Trader Nikolay Georgiev