- Will the Tory party unite behind PM Theresa May?
- GBPUSD traders will also be watching the latest US unemployment (NFP) numbers on Friday.
The Brand New DailyFX Fourth Quarter Forecasts include a fresh look at GBP.
IG Sentiment Datashow of traders are 56.3% net-long of GBPUSD, normally a bearish contrarian indicator. However recent daily and weekly sentiment shifts give us a mixed outlook for the pair.
Conservative Party Conference and Brexit News Will Drive Sterling
The annual Tory conference may well open fresh party divides over the current Brexit negotiating stance as senior members ready themselves for a potential leadership challenge. Hard Brexiteers still believe that the PM’s Chequers proposal is a non-starter as it cedes too much…