Sterling and Brexit:
- MPs demand to see full legal disclosure.
- If Brexit vote not past, then no-deal or no-Brexit look likely.
We have released our Q4 Trading Forecasts for GBP.
IG Client Sentimentshows how retail traders are positioned in a wide range of currencies and assets. The data also shows daily and weekly positional shifts which can help in making trading decisions.
Sterling Eyeing Multi-Month Lows
The British Pound is once again on the backfoot and heading lower against a range of currencies as the Brexit vote in the UK Parliament nears. News that the Attorney General will be asked to show the full Brexit legal agreement – he is expected to release an abridged version – sent GBP lower and near important support levels.
UK data this week will take a backseat, while BoE governor Carney may have some tricky questions to answer on Tuesday when he speaks in Parliament. The latest BOE/TNS inflation outlook will be released on Friday ahead of the latest US non-farm payroll data.
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