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GBP/USD Weekly Forecast: Sterling on High Alert for Sunday Showdown
The past week has seen a significant step up in no-deal Brexit risks with UK PM Johnson warning that it is "very, very likely" that the UK will have to start trading with the EU on WTO terms (no-deal) from January 1st. EU’s Von Der Leyen had also shared this sentiment by telling EU leaders that a no-deal is the most likely outcome. In turn, bookmakers now lean towards a no-deal at 58% from 33% the prior week, according to SMARKETS (Chart Below). That said, while this would seemingly increase the importance of Sunday’s showdown, where both parties will decide on the future of trade talks. As has been the case with ... (full story)