Pound Investors Face Months of Volatility
- Barnier comments prove currency’s sensitivity to headlines
- November will be in focus as October summit deal seen unlikely
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The next few months are going to be fun for pound traders.
The pound fell below $1.29 on Monday after U.K. Prime Minister Theresa May’s Brexit strategy came under attack from both Europe and her own party over the weekend. With each side warning of the risk of no deal, investors are becoming increasingly sensitive to Brexit headlines.