Analysts at Nomura offer their outlook on the GBP, in the wake of the upcoming Brexit parliamentary vote on January, 15th.
Key Quotes:
“In the event of a loss on the vote and Labour calling a no-confidence vote.
Pound probably lower.
Will then rally when its clear Labour doesn’t have the numbers to win a no confidence vote.
See GBP with limited downside in long-term positions.
Downside risks to receive lower pricing in coming weeks.
Speculators are looking for stronger GBP in the next few months.”
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