GBP/USD: ongoing concerns surrounding the Irish border weigh - Scotiabank
|GBP is weak vs. the USD and underperforming within the G10 currencies in Wednesday’s NA session.
Key Quotes:
"Brexit negotiations remain dominant as market participants consider the dwindling prospects of a deal ahead of next week’s summit.
Challenges have emerged from both the DUP and members of PM May’s Cabinet, with ongoing concerns surrounding the Irish border and post-Brexit regulatory arrangements.
Risk reversals have shifted dramatically, pricing in a greater premium for protection against GBP weakness across a range of time horizons."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.