14 Sep 2020

Chances of Trade Deal after Brexit low – GBP under pressure

Ricardo Evangelista: the Pound lost almost 3.5% versus the US Dollar last week, as the markets priced-in the increasing likelihood of there being no trade deal with the EU in place at the end of the current post-Brexit transition period, following the UK’s government apparent intention to break the terms of the withdrawal agreement.

Source: High Leverage FX