GBP is ready to fall before no-deal Brexit


Investors worried about pound’s future falling. Boris Johnson is the UK’s new candidate for a prime minister post. There is a lot of expectations of a hard Brexit linked with him. Johnson’s political views could create a big risk for the British economic situation. Last session euro traded low enough. Some analysts suggest it was caused by Mario Draghi’s predictions of a rate cut in September. The american dollar is on the back foot in comparison with major currencies, because U.S. Federal Reserve is going to make a rate cut soon. Hedge funds have raised positions in short on the sterling to its 10-month record. The Central Bank of the US is expected to lower it by 25 points.  

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