GBP: Risks potential downside of 5-10% if UK parliament rejects Brexit deal - Barclays

Dhwani Mehta FXStreet

Analysts at Barclays offer their view on the British currency heading into the Parliamentary vote on the Brexit deal scheduled on December, 11^th.

Key Quotes:

“We think risks for GBP remain asymmetric around the UK Parliament vote

A rejection of the Withdrawal Agreement by a wide margin is likely to see significant GBP potential downside of 5-10%

While a tight margin should see the withdrawal deal getting ratified eventually, and the pound rising towards 1.33.“

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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