BBVA forecasts sterling relief in November

Fluctuations and volatility in the currency are to be expected, says Spanish bank

Sterling-market
Brexit suspense: if a deal is reached with the EU, the pound could reach 1.35 by December, says BBVA

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Sterling could see a relief rally in November if the UK and the European Union reach a compromise on Brexit, especially if positive news arrives in a market that is positioned for further bad revelations, says Alexandre Dolci, a G10 FX strategist at BBVA.

Between now and then, however, the pound is set for a continuation of its recent bumpy ride, as the possibility of a no-deal Brexit looms.

Dolci’s base-case scenario holds that the divorcing countries will

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