Currencies: Dollar rises as Fed’s Dudley strikes hawkish note

The British pound was holding steady on Monday, as investors awaited the start of formal Brexit talks between the U.K. and the European Union, while London faced the fallout from another suspected terror attack.

The pound GBPUSD, +0.1722% traded virtually unchanged at $1.2778 from late Friday in New York. David Davis, the U.K.’s Brexit Secretary, and his team will on Monday begin talks with the EU’s chief negotiator Michael Barnier and his colleagues in Brussels to discuss Britain’s exit from the European Union.

The talks are due to start hours after a van ploughed into pedestrians near a North London mosque late Sunday, killing one person and injuring several others.

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