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David Cameron on the 'hard sell' - Scotiabank

Analysts at Scotiabank explained Cable has more than fully reversed the late Friday surge to 1.44 that followed news of the UK’s “Brexit” deal with the EU.

Key Quotes:

"That was actually the easy part of the process. Weekend developments have underlined just how hard it may be for PM Cameron to “sell” the deal to the UK populace and keep the UK in the EU."

"The referendum has been scheduled for June 23, as was widely expected. High profile Tories, notably including London Mayor Johnson, have sided with the “leave” camp which is perceived as a boost to the exit campaign."

"Expect sterling to be highly sensitive to opinion polls going forward. There was no better news on the data front; the CBI’s Industrial Trends orders data fell to -17 in February. Today’s drop is the largest 1-day fall in Cable since 2009."

Cameron addresses Parliament on EU deal as Brexit fears grow

UK Prime Minister David Cameron addressed UK Parliament defending the EU deal on Monday after Brussels summit. PM said he has scheduled a UK referendum for June 23rd for UK citizens to vote on whether they want to remain in or leave the European Union. He stated the vote will be final.
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EUR/USD resists above 1.1000

EUR/USD steadied in a range over the last hours after the steep sell-off found support at the 1.1000 zone. EUR/USD came under strong pressure on Monday as the dollar strengthened across the board and the euro was weighed by advances in stocks and renewed Brexit fears.
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