Pound's Prospects to Be Shaped by `Bones' of Brexit Trade Talks
- Sterling vulnerable as PM May meets cabinet to decide stance
- Currency still factoring in risk of hard Brexit: Rabobank
Brexit Transition a Hang Up for Markets, Says Wood
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Pound traders are about to get their first insight into how the currency may fare in the next phase of the Brexit talks as negotiators move on to the potentially more complicated stage of discussing trade.
Sterling may be vulnerable as U.K. Prime Minister Theresa May addresses lawmakers on Monday and meets with her cabinet ministers this week to begin mapping out what they want Britain’s future trade relationship with the European Union to look like. Meanwhile, with May under pressure from businesses to secure a transition period for when the nation leaves the bloc, the European Commission is planning to unveil its latest stance on the issue on Wednesday.