Pound Vulnerable as U.K. Prepares to Provide Brexit Plans
- Government to publish two papers on Monday to clarify stance
- A pound drop toward $1.26 to revive political concerns: HSBC
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Brexit may dominate factors influencing the pound’s fortunes again this week, with the U.K. set to lay out its position in at least three areas of negotiation with the European Union.
Uncertainty about the next round of Britain-EU talks due by month-end could weigh on sterling, which was the worst-performing Group-of-10 currency last week. The U.K. is said to be preparing to publish on Monday details on how it will treat confidential EU information obtained before Brexit and on goods placed on supply chains in the EU single market.