- Analytics
- News and Tools
- Market News
- GBP/USD: The likelihood of a Brexit agreement is increasing, pound to rally 8-10% – Westpac
GBP/USD: The likelihood of a Brexit agreement is increasing, pound to rally 8-10% – Westpac
FXStreet reports that strategists at Westpac attempt to assign probabilities around four possible outcomes to the current negotiations and its implications for the pound.
“A deal by mid November, approved by a special EC Summit, endorsed by EU Parliament’s 24-27 plenary session and ratified before mid-December. 45% chance and could see GBP lift 8-10%.”
“Agreement is elusive by mid-March but a deal is found by early December, approved by EC’s 10-11 December Summit, endorsed by EU Parliament’s 14-17 December plenary session. 35% chance and could see GBP lift 5-8%.”
“No deal but agreement to work together towards a standard third party FTA. GBP would likely side 5-8%.”
“Acrimonious no deal. Immediate fall into WTO rules with disorderly and disruptive customs, border controls and cumbersome bureaucracy. Under 10% chance. GBP would likely fall some 12%.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
