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Budget Day & Brexit Deal ? GBP in focus – Video Analysis

Market Analysis

Budget Day & Brexit Deal ? GBP in focus – The EU and UK are aiming to finalize a divorce deal in the week of December 4, in the lead up to the next EU leaders’ summit, according to the FT. This tallies with recent reports that PM May is set to propose a GBP 40 bln final divorce settlement, double her previously tabled offer . Nevertheless, signs of a possible breakthrough have been taken as a positive in forex markets, with the pound lifting versus the dollar and euro today. Sterling remains some 15% down in trade-weighted terms from levels prevailing ahead of the vote to leave the EU in June last year.

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Stuart Cowell

Senior Market Analyst


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