Citibank: GBP appears to be better supported
|Citibank analysts suggest that the Sterling appears to be better supported as Brexit developments progress ahead of March 29 transition date.
Key Quotes
“With PM May now publicly accepting that a delay to Brexit beyond Mar29 is possible, an extension of Article 50 remains the highest probability outcome in the near term. That said, a ‘no-deal’ scenario still remains albeit with a smaller tail risk but if realized, could lead to a significant depreciation (5-10%).”
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