FW: [Maybank] GBP Soft as Leadership in Doubt

 

 

GBL: GBP Soft as Leadership in Doubt Global Markets Daily by Saktiandi Supaat FX Research GBP traded sharply softer this morning on news report (from The Sunday Times) that 40 Conservative members of the parliament have agreed to sign a letter of no confidence in PM May's leadership. This is just 8 lawmakers short of the 48 required to mount a leadership challenge. At the same time PM May is facing a tight timeline ahead of 14-15 Dec EU Summit. Negotiations have to progress materially fast (in particular the "divorce bill" to EU) before the EU Summit or risk postponing trade talks .. 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.