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Markets cautious with sterling under pressure on “hard Brexit” fears
There is more of a cautious sentiment that is taking hold this morning. The US is on public holiday for Martin Luther King Day, but the safe haven plays are in favour as the yen and gold are pushing higher. These cautious markets are coming as the sterling is under pressure once more as the prospect of a hard Brexit has spooked the market. UK Prime Minister Theresa May is making a speech tomorrow which is expected to lay out expectation for a “hard Brexit”. Any time this term is banded around, sterling gets hit and subsequently the pound is hitting lows not seen since the flash crash of early October. Equity ... (full story)
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