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Market Comment | GBP climbs after Theresa May clarifies Brexit plans

Published on Tuesday, January 17, 2017

Market Comment | GBP climbs after Theresa May clarifies Brexit plans

Uncertainty remained in global financial markets, despite the clarification of Brexit plans by UK prime minister Theresa May. In this regard, global stocks were mostly down, while sovereign bond yields declined. Safe-haven asset prices also increased (gold, JPY and sovereign bonds). The major market sensitive events were the following: GBP appreciated significantly, having its best […]

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