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Pound Sterling Set for an Explosive Monday Session vs. Euro and Dollar

From poundsterlinglive.com

Pound Sterling is in for a potentially explosive session on Monday owing to a Sunday deadline for EU-UK Brexit talks. If talks have not yielded progress by Sunday, the two sides have agreed to end them and pursue a 'no deal' Brexit. The Pound is expected by analysts to fall sharply under such a scenario. The market has rapidly raised the odds of a 'no deal' outcome over the course of the previous week, with a number of institutional analysts now saying such an outcome is their base-case expectation, whereas just last week it was hard to find anyone who would have suggested anything but a 'skinny' free trade deal was ... (full story)

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  • Category: Fundamental Analysis