Tim Riddell, Research Analyst at Westpac, suggests that although Brexit politics are the dominant feature in UK, the Parliamentary recess will reduce risk of an imminent leadership challenge. Key Quotes “Critical will be the responses of both EU and regional Tory delegates to the selling of the latest Brexit (exit) proposals and May’s visions of UK relationships with EU post-Brexit. If the responses are positive, May’s leadership will strengthen as will the potential for productive negotiations. Both will provide some welcome confidence for GBP and allow both GBP and domestic markets to rebound.” “Despite Brexit risks, Carney and other MPC members have indicated more positive views of the UK economy. Despite some softness in inflation and sales data last week, the prospects for a 25bps hike next week is around 70%. GBP should therefore react more to improved confidence.” “Although positive responses to the recent white papers should allow for some sound rebounds, the background of internal political tensions should cap GBP/USD towards the 1.35-1.37 upper bounds its 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 US Dollar leaps to highs near 94.60 FX Street 5 years Tim Riddell, Research Analyst at Westpac, suggests that although Brexit politics are the dominant feature in UK, the Parliamentary recess will reduce risk of an imminent leadership challenge. Key Quotes "Critical will be the responses of both EU and regional Tory delegates to the selling of the latest Brexit (exit) proposals and May's visions of UK relationships with EU post-Brexit. If the responses are positive, May's leadership will strengthen as will the potential for productive negotiations. Both will provide some welcome confidence for GBP and allow both GBP and domestic markets to rebound." "Despite Brexit risks, Carney and other MPC… 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.
