Forecasts for the pound to rally above $1.35 may be too optimistic even if Boris Johnson gets approval in Parliament for his Brexit deal.
ATHENS: Forecasts for the pound to rally above $1.35 may be too optimistic even if Boris Johnson gets approval in Parliament for his Brexit deal.
Sterling opened lower after U.K. politicians failed to deliver the decisive Brexit vote that had been promised at the weekend. Still, analysis of Saturday’s debate and the comments that lawmakers made during it, shows the U.K. prime minister still has a chance of getting his Brexit deal done. This hasn’t boosted the U.K. currency on Monday, in a sign that current pricing may already be reflecting optimism that the Brexit accord will eventually pass.
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