UK business lobby group out with their thoughts 19 March
Common sense/climb-down/negotiating necessity but the Confederation of British Industry seems happy with the progress.
On the other hand KPMG warn:
- until we have legal certainty our clients will continue to take action and prepare themselves for no deal.
Always two-sides to a deal eh?
GBPUSD continues its retreat from 1.4089 to post 1.4055. I did say a small sell up above 1.4080 should bring decent risk reward. Demand/support though should now appear around 1.4050 and larger into 1.4030. Bang in the middle now of a 1.3800-1.4300 range. Good pips to be had for both bulls and bears.
EURGBP up to 0.8760 as EURUSD remains underpinned above 1.2310
GBPUSD
