Queen's Speech to be focused on Brexit

Queen Elizabeth will conduct later today the State Opening of Parliament, and it will comprise the government plans for the next two years instead of the usual plans for the year ahead. The speech is due at 1030GMT.

According to prior surveys, the speech should be mainly focused on the Brexit negotiations – which have started on Monday - while domestic politics are likely not to be taken into account this time. It is worth noting that UK’s PM Theresa May has yet to clinch a deal with the Democratic Unionist Party (DUP).

Key notes:

UK: Queen’s Speech to mark the start of the new parliament – Lloyds Bank
The Queen’s Speech will mark the formal start of the new parliament and is set to go ahead even though the government has not yet completed the negotiation of its alliance with Northern Ireland’s Democratic Unionist Party, explains the research team at Lloyds Bank.

GBP/USD slips below 1.26 handle to fresh two-month lows

The GBP/USD pair finally broke down of the Asian session consolidation phase and slipped below the 1.2600 handle to fresh two-month lows.

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.