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The EU and UK agreed to extend the Brexit deadline to October 31, which UBS said could lead to UK general elections and a higher risk of no-deal Brexit. UBS said sterling could fall toward 1.24 or 1.15 against the dollar, which it sees as a buying opportunity.
A slide toward 1.24 or lower would make sterling-priced and dollar-linked UK purchases more expensive and reflects rising political risk.
cnbc.comYen Nee LeeApr 11, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
