Weekly Forex Highlights: May going for a "hard-Brexit," in a full British-polite speech
344 views · Published 17 January 2017 · 35:01 · Indexed 2 October 2026
Channel: FXStreet · 2017 · News & Politics
UK's PM Theresa May draw her Brexit strategy, offering more of what the market already knew: the UK won't retain "bits" of EU membership, meaning that they will leave the EU Single Market, although she also said that she wants the best agreement possible within the EU. Quite contradictory words that hardly support the case of a bullish GBP/USD. Beyond the UK, the American dollar is in trouble across the board, and despite the greenback pared losses as risk-averse sentiment seems to be eased, and interim top has been set, and further declines could be expected during the upcoming days. FXStreet Chief Analyst Valeria Bednarik explains her vision on the Forex market and she makes the forecast for the most important events for the week. Weekly Show: Tuesday at 11:30 GMT; 6:30 ET.
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