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home / news releases / ZGBR - GBP: Brexit Deal Done But U.K. Parliament Approval Now The Key Hurdle


ZGBR - GBP: Brexit Deal Done But U.K. Parliament Approval Now The Key Hurdle

By Petr Krpata, Chief EMEA FX and IR Strategist

Although the UK and the EU have reached a Brexit deal, it remains uncertain if it can pass in parliament, largely due to the position of the DUP. This, coupled with GBP already trading with a premium against EUR, suggests a limited upside to GBP from here. But we can conclude that the odds of a hard Brexit has decreased and so has the downside to GBP

The UK parliament approval the key hurdle for further GBP gains…

While the announcement of the EU-UK withdrawal agreement

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Stock Information

Company Name: SPDR Solactive United Kingdom ETF
Stock Symbol: ZGBR
Market: NYSE

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