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UK PM Throws Cold Water To Soft Brexit
The waxing and waning in the valuation of the Sterling, with an average daily range of well over 1% since the UK election outcome, portrays how unpredictable and treacherous the environment to trade the Pound remains now that the market is looking past the election and re-calibrates the drivers based on what lies ahead. The latest selling round, courtesy of Bojo planning to set a hard deadline for Brexit to Dec 30, 2020, has resulted in the evaporation of all UK exit poll-led gains in the Pound, and represents a harsh reminder that it is far from certain that a smooth transition out of the Eurozone will ensue. The ... (full story)