Jaded Pound Analysts Are Unconvinced by Latest Brexit Deadline
- RBC Europe, Nomura are focusing on year-end rather than Sunday
- Options market still bracing for swings in pound in week ahead
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When it comes to Brexit trade deal deadlines, talk is cheap. That’s the view of an increasing number of currency strategists after negotiators again pushed back the cutoff point for talks, this time until Sunday.
RBC Europe Ltd., Nomura International Plc and Citigroup Global Markets Ltd. are focusing instead on Dec. 31 when the Brexit transition period officially ends, and there’s even speculation at banks about an informal extension into 2021 amid sputtering political progress. The pound fell as much as 1.2% on Friday to $1.3135, its lowest since Nov. 13.