GBP: Headline Risks From The Fourth Round Of Brexit Negotiations - Barclays

Barclays Capital FX Strategy Research notes that after PM Theresa May’s speech in Florence last week, the fourth round of Brexit negotiations pose further headline risks to GBP.

"We see risks still skewed to the downside for the currency as the difficulty in reaching a consensus on the UK position around Brexit in Parliament remains high," 

In this regard, the UK Labour Party Conference (24-27 September) likely will be followed to assess further shifts in stance around the relationship with the European Union," Barclays argues.

Source: Barclays Research