Westpac: sterling weakness continues as Brexit deal unlikely

Australian bank maintains long-held bearish outlook on pound

brexit axe
Sterling chop: Westpac sees very little hope of any Brexit deal by October 31
Risk.net montage

CLICK HERE TO DOWNLOAD THE PDF (only available to FX Week Corporate subscribers)

The pound will probably remain weak for the foreseeable future because the prospect of a divorce deal between the UK and the European Union is unlikely, says Sean Callow, a senior currency strategist at Westpac.

“For some time, we’ve thought there was probably just a bit too much hope in the market that sanity would prevail and that a way of avoiding a hard Brexit [could be found],” says Callow.

The likelihood of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: