GBP: Risks potential downside of 5-10% if UK parliament rejects Brexit deal - Barclays

Analysts at Barclays offer their view on the British currency heading into the Parliamentary vote on the Brexit deal scheduled on December, 11^th.

Key Quotes:

“We think risks for GBP remain asymmetric around the UK Parliament vote

A rejection of the Withdrawal Agreement by a wide margin is likely to see significant GBP potential downside of 5-10%

While a tight margin should see the withdrawal deal getting ratified eventually, and the pound rising towards 1.33.“