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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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