UK: Brexit concerns remain front and centre - TDS

In the UK, Brexit concerns remain front and centre, as we await word whether Tory rebels can muster the 48 letters necessary to trigger a leadership challenge, points out the research team at TD Securities.

Key Quotes

“Today's Parliamentary testimony by several BoE officials - including Governor Carney - will be notable though cable remains confined ot a broad 1.2750/1.3250 range, however, suggesting the hurdle for a larger trend move may be fairly high until political risks recede.”