Market Extra: How May’s Brexit speech today could wallop the pound

Currency traders buckle up — the two biggest currencies in Europe are facing a volatile couple of days, with a trio of political events poised to shove both the euro and pound sharply lower.

Sterling GBPUSD, -0.1599% stands in front of the first possible risk, when U.K. Prime Minister Theresa May on Friday lays our her much anticipated vision for her country’s post-Brexit relationship with the European Union.

Read: Here’s why this is the most important week on Europe’s political calendar

The speech comes against a frosty backdrop in London-Brussels relations, after May flat out rejected the EU’s draft version of the Brexit treaty released on Wednesday.

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