Tim Riddell, Research Analyst at Westpac, suggests that it is clear that a weekend is now a long time in UK politics and alternative outcomes could trigger very different prospects for GBP. Key Quotes “Despite apparently gaining support for her Brexit plan, PM May is deeply wounded and at risk of a leadership challenge at any time. Brexit hardliners might not only trigger her downfall but also an election that could even result in a Corbyn-led coalition.” “Either a hard Brexit or the prospect of a Corbyn victory would drive GBP lower. If May can ride out this week, prospects of a softer Brexit and extended transition period would rise and lift GBP. This latter scenario currently appears more likely, but risks of further attacks on May should limit GBP’s upside.” “Outside of politics, the vulnerable economy is benefiting from the World Cup effect and better weather. If it were not for political risks, potential for the long-awaited BoE hike on 2nd August would be high and lift GBP. However, GBP/USD rebounds are likely to struggle in front of 1.3500 within a risk-driven potential 1.28-1.37 range.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY consolidates just below 6-month tops, around mid-112.00s FX Street 5 years Tim Riddell, Research Analyst at Westpac, suggests that it is clear that a weekend is now a long time in UK politics and alternative outcomes could trigger very different prospects for GBP. Key Quotes "Despite apparently gaining support for her Brexit plan, PM May is deeply wounded and at risk of a leadership challenge at any time. Brexit hardliners might not only trigger her downfall but also an election that could even result in a Corbyn-led coalition." "Either a hard Brexit or the prospect of a Corbyn victory would drive GBP… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
