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Free AccessGBP strength remains rampant across the....>
STERLING: GBP strength remains rampant across the board, with GBPUSD adding
close to 100 pips since the end of the PM's speech in the House of Commons.
Markets clearly buying into the theory that this revised deal has better backing
to pass any parliamentary vote ahead of the Brexit deadline (Oct31). The
hardline ERG as well as the Northern Irish DUP have already given their backing.
While the EU are yet to approve any such deal, some more positive noises are
coming out of the Irish PM, who states he is "reassured to hear that there will
be no physical infrastructure linked to customs checks".
-All eyes turn to possible comments later in the session from EU's Barnier, Tusk
and Juncker, all of which are in contact with the UK PM today.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.