Key Takeaways from UK Brexit Secretary Barclay
Sterling remains under pressure versus Euro and US Dollar in the near-term having suffered consecutive days of selling against its two...
Arslan Butt•Wednesday, May 15, 2019•1 min read
The Sterling remains under pressure versus Euro and US Dollar in the near-term having suffered consecutive days of selling against its two main counterparts.
The drops began as the possibility of a Sterling-supportive cross-party Brexit agreement being struck by Labour and the Conservatives started reducing while concerns of the removal of Prime Minister Theresa May and a general election continue in markets.
Recently, Stephen Barclay, the United Kindom’s Secretary of State for Exiting the European Union, spoke to media and triggered a sell-off in Sterling.
Key Takeaways from his Speech:
- Talks with labor on Brexit need to come to a conclusion.
- Talks with labor have been challenging.
- We are exploring with the European Union how much of the political declaration can be changed.
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ABOUT THE AUTHOR
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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