Euro to pound sterling live: British Pound: ‘No Deal’ Brexit Odds to Rise from 15%, will Pressure Sterling Lower vs. Euro and Dollar

“The key conclusion here is that the government (albeit not unified) has agreed to seek a Brexit compromise with Labour that will inevitably be a softer version of the May deal. This will either lead to a compromise deal (Customs Union/Common Market 2.0) or we will have a third attempt at reaching a plan through votes in parliament. So these developments are positive for the Pound,” says Derek Halpenny, a foreign exchange strategist with MUFG in London.

Leave a Reply

Your email address will not be published. Required fields are marked *