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- It is now time to turn positive on the pound, says George Saravelos, global co-head of forex research at Deutsche Bank
It is now time to turn positive on the pound, says George Saravelos, global co-head of forex research at Deutsche Bank
It is now time to turn positive on the pound, says George Saravelos, global co-head of forex research at Deutsche Bank. The U.K. parliament's vote over the Brexit withrawal deal is crucial after the U.K. and the EU signed it. Some say the deal is likely to be rejected by the parliament, which is why the pound hasn't rallied so far. A rejection would raise the risk of a no-deal Brexit. But Mr. Saravelos says the EU could compromise on having amendments to the political declaration on the future relationship. "Should parliament fail to ratify the deal first time around...it may be possible to make changes to the current text at the December 13th/14th EU Council." - via WSJ
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