GBPJPY: forecasting a sterling year
'[RTRS] - BANK OF ENGLAND'S BAILEY SAYS SEES UPSIDE FOR STERLING IF UK AGREES TRADE DEAL WITH EU'
That was a headline that came out yesterday at around lunchtime.
Now, I must confess, there's still a hell of a lot of uncertainty in the market, especially surrounding Brexit.
My view is that the particulars of the 'deal', or not, don't necessarily matter at this stage.
The market simply wants to find its footing again.
Over the weekend, we had the two sides meet (again) and chat about how to progress a deal forward...