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Analysts at Barclays offer their view on the British currency heading into the Parliamentary vote on the Brexit deal scheduled on December, 11th.

Key Quotes:

“We think risks for GBP remain asymmetric around the UK Parliament vote

A  rejection  of the Withdrawal Agreement by a wide margin is likely to see significant  GBP potential downside of 5-10%

While a tight margin should see the withdrawal deal getting  ratified  eventually, and the pound rising towards 1.33.”