Currencies: Dollar strengthens as sterling and euro fall prey to political pressures

The dollar gained ground Monday as investors kept an eye on a number of themes, including Italy’s budget and Britain’s ongoing Brexit process.

The ICE U.S. Dollar Index DXY, +0.37% was up 0.3% at 96.001, adding to a 0.5% weekly gain last week, according to FactSet data.

In the U.K., traders were watching Prime Minister Theresa May updating members of parliament on Brexit after earlier saying 95% of the deal was done. The U.K. leader said the real sticking point remained Northern Ireland, and stressed with regards to a possible extension of the transition period that this wasn’t a desirable option and might not be necessary.

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