In view of Tim Riddell, senior market strategist at Westpac, Brexit remains the key driver of GBP in the near term. Key Quotes “The inability of UK to agree upon a Brexit Withdrawal Agreement is now bearing down on Article 50’s 29th March end date. Risk of a “no deal” exit has been reduced, but UK needs to gain agreement from EU on any form of extending the negotiating period.” “Failure could force UK to revoke the tabling of Article 50 and could still trigger an unintended disorderly departure if EU refuses to any extension (though unlikely) and UK refuses to revoke Article 50. UK’s political divisions and ineffectiveness could lead to variety of other outcomes, but the EU Leaders’ Summit (21st – 22nd) is the near term focus.” “GBP/USD has underscored an effective 1.30-1.37 range. Relatively slim risks of an unintended no-deal exit could force a downside extension, but bias is for a rise through the range into the EU Summit.” 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 Gold plummets to fresh session lows, weakens farther below $1300 FX Street 4 years In view of Tim Riddell, senior market strategist at Westpac, Brexit remains the key driver of GBP in the near term. Key Quotes "The inability of UK to agree upon a Brexit Withdrawal Agreement is now bearing down on Article 50's 29th March end date. Risk of a "no deal" exit has been reduced, but UK needs to gain agreement from EU on any form of extending the negotiating period." "Failure could force UK to revoke the tabling of Article 50 and could still trigger an unintended disorderly departure if EU refuses to any extension (though unlikely) and UK refuses… 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.
