However, Mr Vessey said that time is running out for a deal to be agreed and put in place.
He added: “The clock is ticking though as the time needed to ratify an accord continues to slip away.
“Nevertheless, the odds still appear stacked in favour of a deal being done, and $1.35 could be on the cards for GBP/USD, whilst €1.15 could be a topside target for GBP/EUR before year-end.
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