Pound will benefit from positive Brexit news, says Monex

Sterling likely to recover if no-deal risk is removed

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Future shine? Monex expects sterling to strengthen if the UK avoids a no-deal Brexit

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Sterling’s fortunes remain entirely contingent on the outcome of the UK’s Brexit negotiations with the European Union. With both sides working to avoid a no-deal scenario, the pound could rebound if the threat of a disorderly divorce is removed, says Ranko Berich, head of market analysis at Monex.

Monex, which topped FX Week’s three-month G10 forecast rankings last week, expects sterling to recover, particularly if uncertainty fades, causing business investment

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