“The pound fell the most, open to close, this year due to yesterday’s political turmoil. Since, there has been little material change but sterling remains twitchy as market participants sit eagerly on the edge of their seat for the next Brexit headline.”https://t.co/FCjdbhCGjt
— Monex Europe (@monexeurope) November 16, 2018
Today’s #cabinetmeeting poses a binary outcome for #Sterling . Should a deal be supported by Cabinet, sterling will likely rally above the $1.30 handle, but the perennial risk remains that May doesn’t have the support of the Eurosceptics. #Brexit #GBPUSD #GBPEUR pic.twitter.com/zmapAKWXHT
— Monex Europe (@monexeurope) November 14, 2018
All eyes fixated on May's cabinet meeting this morning. Sterling barely moved given today's labour market data showed an uptick in average earning ex-bonus.
— Monex Europe (@monexeurope) November 13, 2018
Ranko BerichRanko Berich is Head of Market Analysis at Monex Europe & Monex Canada. He is a respected macroeconomic commentator, combining incisive market insight with a deep understanding of global economic and political events.
Ranko leads our team of analysts, providing commentary and insight on the markets as news breaks.