Tuesday, January 17, 2017

GBP – Volatile Times





GBP – Volatile Times
by Saktiandi Supaat


FX Research





PM Theresa May is scheduled to speak today (1145am in London or 745pm SG/KL time) on Britain’s future outside the EU, detailing exit plans and strategies. Briefly, she has signaled some key points including taking control of immigration and leaving the Jurisdiction of the European Court of Justice and the European Union’s single market. We expect GBP to remain highly volatile in coming weeks or months. A hard Brexit speech may result in GBP downside pressure to be front-loaded but ...

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