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Pound Wobbling Near This Year's Lows Faces Brexit to Italy Risks

  • Any pickup in retail sales should support sterling: Rabobank
  • Next round of Brexit talks, Italian politics are also in focus
Sterling Currency As Forecasters Catch Up With Rally
Photographer: Chris Ratcliffe/Bloomberg

The pound is running into another crucial week as it fumbles around this year’s lowest levels against the dollar for a footing.

With the next round of Brexit talks, key U.K. economic reports and the still-unfolding Italian coalition drama set to converge in the coming days, front-end option volatility in sterling versus the U.S. currency has picked up from a one-month low reached at the start of last week.