The main focus today is on the testimony of British Prime Minister Theresa May

Bank of Tokyo-Mitsubishi UFJ (MUFG)Monetary analyst Hardman(Lee Hardman)Tuesday(12month20day)For the pound, the main focus today is on the testimony of British Prime Minister Theresa May; Theresa May will be available in Beijing time22:00The Brexit plan will be questioned by the UK House of Commons Liaison Committee.
Institution: Theresa May's testimony in the House of Commons may affect the trend of the pound
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Hadman stated that it is currently unclear whether Theresa May will provide further details of the government's Brexit plan in her testimony. Theresa May's speech has the potential to drive the trend of the pound; The price of the pound is quite sensitive to the development of Brexit in the UK. The recent easing of market fears of a "hard Brexit" has helped the pound rebound slightly.
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Hardman stated that in yesterday's speech, Theresa May did not rule out the possibility of concluding a transitional agreement and continuing to pay EU budget shares to maintain the UK's single market access rights. Theresa May reiterated that she realizes that businesses want to determine when the UK will leave the EU; And it is important for the UK government to decide how taxpayers should spend their money when we leave the EU.
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Hadman pointed out that the British International Trade Secretary Fox also hinted last weekend that the UK Europe relations after Brexit could follow Türkiye's trade agreement; This seems to indicate that Fox's stance on Brexit has softened.