Westpac: Johnson’s rhetoric over EU trade hits sterling

Cable has less upside than before the “go it alone” talk resumed after Brexit, firm says

sterling - pound - pressure
Under pressure: "We have cut our end-March cable forecast from 1.33 to 1.30,” says Sean Callow

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The UK prime minister has delivered a blow to the assurance of sterling with bullish talk that has not helped the perception that the UK could fail to strike a trade agreement with its European counterparts by the end of the year and crash out of the transition period, due to end in December, without a deal, says Westpac.

Optimistic that the pound would benefit from the clear-cut general election outcome, as

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