GBP risk: Beware the return of Brexageddon over N.Ireland border issues

UK seeks change

The UK is seeking a 'significant change to the N.Ireland protocol this week. This is the protocol that governs trade flows between UK and Ireland post Brexit.

The GBP is supported on increasing expectations of interest rate hikes. However, this issue is a risk that could send the GBP lower if PM Johnson decides to try and push this issue strongly with the EU. Just one factor to keep aware of.