Pound Traders Eye Brexit Talks to Shock It Out of Euro Doldrums
- Sterling volatility should be ‘much higher’: SEB’s Falkenhall
- Brexit negotiations ‘could turn ugly’: Robeco’s Blokland
State Street's Evans Says Be Skeptical on the Pound
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The formal start of Brexit negotiations on Monday may prove more of a catalyst for the pound than an inconclusive general election, a surprise hawkish shift by Bank of England officials and a spate of disappointing economic data.
Despite the raft of surprises to hit sterling this month, it’s set to record its tightest monthly range versus the euro since 2014. That may change as, almost one year since Britain voted to leave the European Union, U.K. Brexit Secretary David Davis and his European counterpart Michel Barnier open negotiations. The talks started with a “positive and constructive” tone, Davis said on Monday.