Brexit commentary to be closely watched - ANZ

Sandeep Kanihama FXStreet Contributor

In view of analysts at ANZ, Brexit commentary will be closely watched this week as UK Ministers made comments suggesting they weren’t 100% committed to the promises made last week to secure a deal, especially as regards the vexed question of the Irish border.

Key Quotes

“In particular, Brexit Secretary David Davis commented that the deal “was much more a statement of intent than it was a legally enforceable thing” – though he later backtracked. EU envoys made it clear overnight that the next phase of talks would not occur if the deal doesn’t stand. The uncertainty saw UK bonds gain and GBP edge lower overnight.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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