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Jakob Ekholdt Christensen, Chief Analyst at Danske Bank, suggests that GBP will be guided by the Brexit debate in the UK parliament and will be very sensitive to news indicating the mood of the Commons.

Key Quotes

“At this point, it looks more likely than not that the Brexit deal will not be accepted when the House of Commons votes on 11 December, suggesting that Brexit could remain unresolved after the vote and at least keep GBP volatile for longer. However, any indications that this might change would be supportive for GBP.”