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Barclays suggest that "amid a quiet data...>

STERLING
STERLING: Barclays suggest that "amid a quiet data week, worry about a Brexit
"no-deal" is likely to continue intensify, but we think recent rhetoric in this
vein is a potential negotiation tactic and that the Article 50 negotiation
process is on track. A 'Withdrawal Agreement' in compliance with Article 50 is
already close to fulfilled, which suggests it could be complete by year-end.
Most importantly, the contentious issues of trade and the Irish border do not
need to be resolved within the Withdrawal Agreement. Hence, the ultimate form of
Brexit - in or out of the Customs Union, trade deal or no trade deal - may not
be resolved for years. The GBP could suffer headline volatility, but its path in
the year ahead likely will be dictated by the economy, not Brexit."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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