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London Finance Show: ‘More pound volatility on the way after deadlocked Brexit talks’

“The extent of the reaction yesterday seemed rather excessive given that we know [Brexit] talks are deadlocked,” says Marc Otswald, strategist at ADMISI.

“There’s probably going to be a lot more volatility in the pound as we head into the end of the year, particularly if things remain as ‘deadlocked’ as they are.”

Elsewhere, Oswald discusses: UK interest rate hike prospects; GKN PLC’s (LON:GKN) profit warning; coking coal prices; iron ore prices; as well as JP Morgan’s upgrade of WH Smith Plc (LON:SMWH).

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