Pound pressured by prospects of no-deal Brexit   


28 June 2019 : GBPUSD is trading below the 1.27 level at the time of writing, after UK Prime Minister candidate, Boris Johnson, refused to rule out a no-deal Brexit. As long as a no-deal Brexit remains a possibility, that should keep the Pound below the psychological 1.30 mark against the US Dollar. Even though the UK leadership transition is set to be completed within the next month, Sterling is expected to remain exposed to political risks leading up to the October 31 Brexit deadline, as the UK continues to pursue its exit from the European Union.


Reporting for EasyKobo on Friday , 28 June 2019 in Lagos, Nigeria


Source: Han Tan, FXTM Market Analyst 


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