The market was too optimistic about Brexit after May's deal was rejected by the parliament but defeated Corbin. It seems more likely that article 50 will be extended or that a second referendum will be held than hard Brexit.
However, May has refused Corbin's precondition that rule out the no-deal Brexit. Actually, EU,Germany,France and Britain are preparing for a no-deal Brexit. The political impasse will last the whole Jan at least.
On technical, the sterling is losing motivation to climb. It'll test 1.27 soon maybe.
However, May has refused Corbin's precondition that rule out the no-deal Brexit. Actually, EU,Germany,France and Britain are preparing for a no-deal Brexit. The political impasse will last the whole Jan at least.
On technical, the sterling is losing motivation to climb. It'll test 1.27 soon maybe.