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Analysts at Scotiabank explained that sterling is outperforming for a second consecutive session as it continues to retrace Friday’s Brexit-driven decline.  

Key Quotes:

“Comments from BoE MPC Member Vlieghe have been supportive, highlighting the need for 1-2 hikes a year. On Brexit, the UK Labour party is said to plan on rejecting any deal between PM May and the EU while leaving the door open for a second referendum.”