The pound remains under pressure. Political risks take over

The British pound is trading under pressure, remaining near the minimum mark of today’s trading, despite the news that EU leaders agreed to move to the next phase of negotiations on Brexit.

Pressure is exerted by the fact that all agreements between the EU and London will pass through the British Parliament, which may delay the negotiation process in the second phase. See “The British pound remains under pressure of political risks.” EU leaders obliged Great Britain to present the principles of the trade agreement already next week.

Fig. GBP/USD. The current price is $ 1.3327.

Alexander Sivtsov