Analysts at Scotiabank noted that sterling has weathered the overnight tariff “storm” relatively well and is trading little changed overall from levels seen late yesterday. Key Quotes: “Perhaps it’s the football match that is slowing markets down. It helps also that GBP sentiment was already beaten up by domestic political developments.” “PM May’s position remains delicate but, with two weeks of the current parliamentary session to go until recess, a push to remove her now remains a very low risk, we think.” “A bigger challenge will come in Oct, when she will have to try and move Brexit legislation through parliament. In the meantime, investors can perhaps focus a little more on the bounce in the UK economy and the potential for an Aug rate increase by the BoE.” 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 BoC’s Poloz: Monetary policy will not react to every data fluctuation FX Street 3 years Analysts at Scotiabank noted that sterling has weathered the overnight tariff "storm" relatively well and is trading little changed overall from levels seen late yesterday. Key Quotes: "Perhaps it's the football match that is slowing markets down. It helps also that GBP sentiment was already beaten up by domestic political developments." "PM May's position remains delicate but, with two weeks of the current parliamentary session to go until recess, a push to remove her now remains a very low risk, we think." "A bigger challenge will come in Oct, when she will have to try and move Brexit legislation… Top 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.
