Sterling seesaw after Nomura call

UK-Japan News January 2019

After Prime Minister Theresa May pulled a parliamentary vote on the Brexit deal she struck with the European Union, the value of the pound took a crash. The Daily Express reported on 4 January that Japanese investment bank Nomura has issued a renewed call to buy the pound. This comes as it recovers from a plummet and a Nomura currency strategist said that negative viewpoints toward Sterling are exaggerated—and mainly charged by Brexit uncertainty. Predictions are that it would be difficult for Sterling to weaken further, and the currency was up again in mid-January following the Brexit votes in Parliament.