According to some experts, if the United Kingdom succeeds in reaching an agreement with the European Union on the country's withdrawal from the alliance, the GBP / USD pair will rise to 1.40.
"The pound is now undervalued due to the risk of Brexit. We believe that in the future, the British currency may well reach the $ 1.40 mark", representatives of Merian Global Investors said.
"The pound is now at a crossroads. The presence of the deal and the "soft" Brexit will push GBP / USD upwards, towards 1.40, otherwise, the pair may fall to the level of 1.20," JPMorgan Asset Management specialists noted.
Whether the pound sterling can achieve outstanding results, time will tell, since Theresa May still has to convince the Cabinet of Ministers to support the draft agreement she is promoting, and it will not be easy for the premier to do so. Moreover, in the future, individual EU countries may still follow objections regarding the compromise version of the "divorce" document.
On the eve of the BBC channel, citing a source from the British government reported that London and Brussels agreed on a draft treaty on the Brexit at the level of experts.
Today, the country's cabinet must meet to discuss its provisions.
The material has been provided by InstaForex Company - www.instaforex.com