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- Even though the U.K. and the EU have agreed on a Brexit withrawal deal at the Brussels summit, the pound isn't showing signs of any relief rally - Commerzbank
Even though the U.K. and the EU have agreed on a Brexit withrawal deal at the Brussels summit, the pound isn't showing signs of any relief rally - Commerzbank
Even though the U.K. and the EU have agreed on a Brexit withrawal deal at the Brussels summit, the pound isn't showing signs of any relief rally, being flat at $1.2813, while it falls slightly against the euro, with EUR/GBP at 0.8860. The deal still has to be voted in the U.K. parliament and there is a chance lawmakers will reject it, says Commerzbank. "The decisive issue remains the vote of the British parliament," it says, adding that parliament is "in disagreement as to whether this deal is the best possible deal" while "the extremists who want a no deal solution." Only news that "tell us something about the decision of parliament should have the ability to move sterling." - via WSJ
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