Sterling Outlook October 17, 2019
Sterling appreciated 5.5% last week and the volume has increased in recent days when London and Brussels restarted the Brexit negotiations. According to representatives of Number 10, the debate was constructive, and progress was made. Markets expect both sides to reach in preliminary agreement before the EU summit on Thursday. An agreement must be ratified by all members of the Summit before it can be transferred to the British House of Commons. In addition, Prime Minister Boris Johnson must support the DUP in the House of Commons, especially now that his majority in government is gone.
