Analysts from the bank think, that the currency made enough movements up and down today, after the official triggering of Article 50 and the 2 years countdown.
However, GBP is steady, erasing some of the losses, caused by the recent troubles regarding the separation.
The bank thinks, that most of the negative news and uncertainty has already been priced in the currency.The negotiations start in the second quarter of the year and there is a period of calm. There are no reasons to believe, that a referendum in Scotland will be a factor for now.
With most positions on the GBP still short and the economy in a good position, the bank will buy pounds on corrections.
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