XE Market Analysis: Europe – Jan 16, 2017

Sterling dove on weekend Brexit news, with a speech by PM May scheduled for Tuesday reported by several Sunday newspapers to be the venue where she will make clear that the government will take the UK out of free access of the EU’s single market. Confirmation of a “hard” Brexit in other words, though government sources have downplayed this as being “speculation.” In the scenario that she confirms this, the focus will be how quickly and under what terms the UK will re-establish a new trading deal with the EU and the 60 other economies that the EU has a…

Source: XE news feed
XE Market Analysis: Europe – Jan 16, 2017