Westpac: Johnson’s rhetoric over EU trade hits sterling
Cable has less upside than before the “go it alone” talk resumed after Brexit, firm says
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The UK prime minister has delivered a blow to the assurance of sterling with bullish talk that has not helped the perception that the UK could fail to strike a trade agreement with its European counterparts by the end of the year and crash out of the transition period, due to end in December, without a deal, says Westpac.
Optimistic that the pound would benefit from the clear-cut general election outcome, as
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