Pound to face twin forces of BOE and Brexit once again this week
The pound fell Friday on profit-taking after the deal was announced and extended losses as EU official said a trade pact was not realistic by March 2019
With an initial Brexit deal out of the way, pound traders will be focusing on whether optimism over that lasts and shifts the Bank of England’s (BOE) thinking this week.
Even with an agreement to move Brexit talks on to trade and no expectations for the BOE to change interest rates on Thursday, news on either front could drive the currency, according to Jeremy Stretch, Canadian Imperial Bank of Commerce’s head of Group-of-10 currency strategy.
To keep reading
please sign up for free!
Already have an account? Sign in here.
Editor's Picks
Euro reform
—
22.06.2018
Eurozone finance ministers back new powers for ESM
Benefits
—
20.06.2018
Luxembourg refutes cross-border unemployment plan
Tax
—
20.06.2018
UK companies to face pre-Brexit tax bombshell from EU
