GBP/USD the stand out story - Scotiabank

Analysts at Scotiabank explained that sterling is the stand out story.

Key Quotes:

"A UK high court ruling means that the UK will need a parliamentary vote on Brexit, taking control of the process out of PM May’s hands directly."

"The decision prompted aggressive GBP short covering as investors feel it may soften the “hard Brexit” tactics of the government."

"We don’t think that is necessarily the case and note that the decision will be appealed – with a hearing scheduled for early December."