News of a chemical attack in Syria dominated headlines this weekend, with little market-moving updates. After a busy end to last week, UK data releases are few and far between until Wednesday when the balance of trade for February is released. Sterling’s reaction to last month’s widening of the trade deficit was muted. We expect the US/China trade conversation as well as key US data releases to dominate trading this week, and still see vulnerabilities in the short-term for the pound. There are attractive levels for re-risking un-hedged company currency exposures against the dollar and euro.
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