UK Cabinet Minister Leadsom Speaks – Key Takeaways
Arslan Butt•Tuesday, May 21, 2019•1 min read
The Sterling is the worst performing major currency this May as Theresa May’s exit is being viewed as a key risk to the currency.
Traders fear the October 31 ‘Brexit at all costs’ and we trying to keep their funds out of the vulnerable currency Pound.
Brexit-related developments continued to stay under the spotlight on Monday. Therefore, placing bearish pressure on the British Pound.
With that, we have additional remarks from the UK Cabinet Minister Leadsom and investors may start pricing them in a bit.
- We must be able to negotiate free trade deals after Brexit – must to able to leave with no deal – continue to support May’s Brexit deal.
- I am actively considering running for PM – will make an announcement when May steps down
That the UK cross-party conversations – intended at breaking the Brexit delay, broke down without a trade agreement is placing more and more pressure on the Sterling pairs.
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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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