Why the pound rallied on the back of this speech:


SUBMITTED BY: grinya78

DATE: Jan. 17, 2017, 10:04 p.m.

FORMAT: Text only

SIZE: 414 Bytes

HITS: 262

  1. The fact that the government will put the final deal to a vote in both Houses of Parliament seems to be the rallying cry for sterling, as it could limit some of the excesses of some of the Brexiteers. But, even this concession cannot hide the fact that the UK wants the best parts of the EU, with a cherry on the top, which could make the next two years’ extremely tense. So, the pound is not out of the woods yet.

comments powered by Disqus