Comments on where to for Brexit now and also forecasts for sterling
After the loss of the vote:
- government can devote its energies instead to exploring alternatives while there is still some time left
- paves the way for a meaningful sterling recovery over the coming days and weeks
- May will easily survive the no confidence motion
- and thus should avoid an early general election - a positive for GBP
- 'The sands are already shifting. In a very promising development, the government is to launch cross-party talks this week with "senior parliamentarians". Some say this should have happened years ago, but it's better late than never'
- government to launch cross-party talks this week with senior parliamentarians, a very promising development
Forecasts:
- 1.33 for GBP/USD (end of Match)
- 1.40 (end-2019)