The UK parliament vote on the EU/UK exit deal agreement on dece December 11
I posted earlier on where to for the GBP here
This now via ANZ, in brief:
Markets are indicating a 2:1 against chance that the Withdrawal Agreement will pass and slightly less than even money that average it will be rejected
We continue to expect a binary outcome:
- If the Agreement fails, GBP falls with a target of 1.20-1.25 vs USD. Volatility picks up.
- If the Agreement succeeds, GBP will move quickly to a 1.35-1.40 range.
