Brexit concerns are weighing on the pound - Scotiabank
|Analysts at Scotiabank noted that Gilts are firmer and the pound is lower on the day as market concerns regarding Brexit overshadow the apparent progress made last week.
Key Quotes:
"Brexit Minister Davis appeared to soft-pedal the agreements reached with EU negotiators, suggesting they represented as “statement of intent” rather than a legally enforceable deal."
"He later remarked that the agreement was enforceable under the withdrawal agreement. Verbal flip-flops hardly encourage market expectations that this government has fully mastered the challenge of Brexit."
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