Throughout the year, the Cable was facing downward pressure. In August it started to recover, but the third rate hike of the Fed brought some pressure again.
The discussion about the Brexit decreased. However, uncertainty remains. In order to limit the risk of inflation, Carney announced a rate hike for this year
The driving force behind the markets in Europe was the strong euro. The negative correlation caused a downward pressure for the DAX with a rising euro.
The markets expects an end to the loose ECB policy and the Euro rises. Mario Draghi could not stop this trend at his last press conference.
The Bank of England cuts the interest rates for the first time since 2009 and puts the cable under pressure.
The United Kingdoms decision to leave the European Union led to increased volatility on the Markets. Now the Bank of England signalizes easing measures to support them.