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Sterling pressured with Brexit can kicked further down the road
The uncertainty in UK politics surrounding Brexit is enormous. Often with events, uncertainty comes into a binary pattern of potential events. However, with Brexit, there is such an array of potential scenarios that could play out that it is almost impossible to predict. What happens in situations of such significant uncertainty? Sell now and figure it all out later. UK Gilt yields falling sharply are not helping the pound either. This seems to be the path for sterling right now. The end result determines the means, right? Well, in this instance, it may not be the case, as Theresa May has succumbed to domestic ... (full story)
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