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Thomson Reuters
Jun 05 - 07:24 AM
GBP/USD - COMMENT-UK By-Election Will Maintain Sterling's Brexit Gaze
First appeared on eFXplus on Jun 05 - 05:15 AM

The Brexit vibe remains key for GBP, with Thursday's Peterborough by-election likely to influence that vibe before the first round of the Tory leadership ballot next week.
Nigel Farage's Brexit Party is expected to win its first Westminster seat in the by-election -- a seat the Tories had held from 2005 until 2017, when Labour took it -- after taking the largest share of the vote (31.6%) in last month's European Parliament election.
Recent GBP losses have been fuelled by heightened fears of a no-deal Brexit on Oct.
31, and a big win for the Brexit Party in Peterborough would do nothing to allay those fears.
The first round of the Tory leadership vote will be held on June 13, with the result expected shortly after 1100GMT that day.
Subsequent rounds are scheduled for June 18, 19 and 20 nL8N23B5LN nL8N2361HV.
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