Citi on GBP and Brexit trade talks -

Author: Eamonn Sheridan | Category: News

Snippet from Citi on the talks that continue between the EU and UK.

Analysts at the bank look to go long on puts on EUR/GBP, citing:
  • things can move quickly on even small positive hints
  • We believe it's not really about a deal being made at the Summit, just any movement toward it
  • If the market sees any movement on state aid, the only real issue remaining, we don't think GBP will wait for something concrete to rally
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