FW: [Maybank] GBP – Reality Check

 

 

GBP – Reality Check FX Flash by Saktiandi Supaat FX Research While we are broadly bullish on the outlook of GBP, we caution that rapid GBP strength faces a reality check – if there is indeed a case for enthusiasm on recent Brexit development and if growth momentum remains intact. Brexit development over the past two weeks showed signs that Brexit negotiations may not be as smooth as hoped and there seems to be renewed doubts over PM May's leadership. Lack of clarity on transition agreement or renewed political instability will pose downside risk to GBP... Saktiandi Supaat     (65) 6320 1379     saktiandi@maybank.com.sg Christopher Wong     (65) 6320 1347     wongkl@maybank.com.sg Disclaimer This message is intended only for the use of the person to whom it is expressly addressed and may contain information that is confidential and legally privileged. If you are not the intended recipient, you are hereby notified that any use, reliance on, reference to, review, disclosure or copying of the message and the information it contains for any purpose is prohibited. If you have received this message in error, please notify the sender by return e-mail immediately and delete all its contents. If you wish to read Disclaimer in details, please click HERE. To unsubscribe or change preference settings, please click here to contact your representative.