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Brian Martin, Research Analyst at ANZ, points out that the UK Parliament must now vote on whether to accept or reject the Withdrawal Agreement, approved by the EU last week and is going to be the key event moving forward.

Key Quotes

“Despite the suspense, financial market uncertainty has not deteriorated further.”

“If the Agreement does not pass, we expect the GBP to fall to around 1.20-1.25 vs USD and volatility to pick up. If the Agreement passes, GBP is likely to move to a 1.35-1.40 range.”