The British Pound was the worst-performing currency of the week after the resignation of Prime Minister Theresa May. This decision and the subsequent leadership fight within the Tories Party is increasing the uncertainty. Prospects for reaching an agreement before 31th of October remain low and the chance for further extension is growing. However, all  scenarios are on the table (soft-hard-remain) depending on the new leadership. On the other hand, Retail Sales continue to grow and core inflation remains well just below 2% .

 

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Christos Nikolaou

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