Traders continue to buy GBP

Pound received support after Jacob Rees-Mogg’s comments. Although he was not very positive, he said he believed that Theresa May would remain a minister at least until March, and a  confidence vote is not necessarily imminent. This is not very promising for the Brexit talks but gives reasons for traders to continue buying GBP.

Source: Bloomberg Pro Terminal

Chart: Used with permission of Bloomberg Finance L.P.

 Trader Nikolay Georgiev

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