Nomura expects growth of the pound

The reduction of short positions and the idea of ​​strengthening of the inflation caused rally of the pound. GBP regained the status of a reserve currency, but it does not reflect the hope that the UK can receive preferences in negotiations with the EU, analysts say. The pound should overtake other currencies in the short term as market attention is not drawn to negotiations for Brexit next year, they added.
Bank analysts expect the GBP/USD to reach 1.30 while EUR/GBP to fall to 0.84, while sales do not reach the threshold and did not give any other signal. The Supreme Court may decide that the reference to Article 50 of the Lisbon Treaty to initiate the procedure for leaving the country from the EU, requires the approval of parliament. But it is not excluded the Parliament to vote earlier and that they do not need a court decision, according to analysts.