UK: Focus on May’s speech – BBH

Analysts at BBH point out that UK Prime Minister's speech on Brexit is expected shortly and some of the details have been reported.  

Key Quotes

“She will argue that the arrangement should allow the UK to control its borders, laws, and money.  However, events appear to be moving faster.  Although it is not up for a vote yet, a trade bill in parliament has an amendment that supports the UK remaining in a customs union.  The bill reportedly has the support of enough opposition and Tory Remainers to pass.  Sterling is off 1.4% against the dollar this week but more importantly, it has sold off against the euro.  A euro close above GBP0.8930 could signal a test on GBP0.9000, which has not been seen since the middle of last November.  There is a GBP744 mln option struck at $1.38 that expires today.”