Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

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

Published 01/17/2017, 06:38 AM
Updated 01/17/2017, 06:38 AM

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.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.