Moody’s Brexit report 15.12.2017

  • A general feeling, also repeated by Juncker in this bloomy article
  • “the agreement between the EU and the UK on ‘phase one’ withdrawal issues does not actually resolve many details, for instance around the Irish border, and nor does it imply that future discussions will go smoothly”

GBP is suffering today, my view is these trade deals won’t get any better than the ones in place. It’ll continue to weigh on GBP with sporadic upticks possible on any positive block trade.

CABLE 1.3375
GBPJPY 150.10
EURGBP 0.8828

Here the link to the report

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