Pound sterling on the rebound, fresh concerns over Brexit and PM's future
- FX Market
- 1 month ago
The British pound is making up some of its losses suffered on Monday as it rose 0.5% to 1.2624, this comes after European Commission President Jean-Claude Juncker stating that there is still need for clarity on the Brexit deal, ruling out any possibility of any renegotiation on the agreement as U.K. PM Theresa May has delayed the parliamentary vote.
She plans to travel to Brussels this Thursday to further discuss proceedings, however should no deal be passed then the implications could be disastrous for May as calls for her resignation have been led by opposition leader Jeremy Corbyn.
Not to forget the possibility of a second referendum or a halt to the U.K.’s withdrawal.
Source: Smart Trend Team