UK Cabinet Minister Leadsom Speaks – Key Takeaways - Forex News by FX Leaders

UK Cabinet Minister Leadsom Speaks – Key Takeaways

Posted Tuesday, May 21, 2019 by
Arslan Butt • 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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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