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Thomson Reuters
May 30 - 05:00 AM
GBP/USD - No-Deal Brexit Risk Remains The Big Issue For Sterling
First appeared on eFXplus on May 30 - 03:10 AM
  • GBP remains highly sensitive to the risk of a no-deal Brexit
  • That risk has risen of late, although sub-50% probability nL5N22Z65F
  • Scope for a no-confidence vote if a new UK PM sought to pursue no-deal
  • See: nL9N21K00X. 11 Tory MPs are vying to succeed May nL8N23529Q
  • GBP/USD bids are tipped ahead of 1.2600 (option expiry/barrier level)
  • 1.2612 was Wednesday's low. 1.2605 was 20-week low last week (May 23)

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