Name: May's Brexit speech seen as play in high-stakes poker game with sterling the likely loser
Uploaded: 2017-01-17T11:38:47+00:00
Description: May's Brexit speech seen as play in high-stakes poker game with sterling the likely loser

May's Brexit speech seen as play in high-stakes poker game with sterling the likely loser

EconomyJan 17, 2017 06:38AM ET

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Investing.com - UK PM Theresa May's Brexit plan speech Tuesday seen as part of a high-stakes poker game, analysts say.
They say no matter what May says the pound is likely to remain volatile with risks firmly on the downside.
The U.K. and the EU have been playing a game of bluff and counter-bluff after the Brexit referendum on June 23.
The EU is keen for a rapid resolution to the problem to dispel doubts about the European unity project.
Britain has been reluctant to reveal its hand before triggering Article 50 on exiting the EU.
Even if May does signal the "hard Brexit" option to leave the single market that may also be seen as a negotiating ploy.
A key unknown factor in the negotiations is the outcome of elections in France and Germany later this year.

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