- The draft Brexit withdrawal deal agreed between the U.K. and the European Union on Thursday shouldn't be pushing sterling up, says ING
Market news
23 November 2018
The draft Brexit withdrawal deal agreed between the U.K. and the European Union on Thursday shouldn't be pushing sterling up, says ING
"We think yesterday's pound rally on the positive political, non-binding, declaration looks overdone," the bank says. "We doubt this secures a passage of the EU withdrawal bill at its first attempt in U.K. parliament, hitting the pound," it adds. According to media reports, former Brexit Secretary Dominic Raab says the U.K. parliament will vote down the deal. - via WSJ
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