Problems of euro-area banking limit EUR/USD rally
They wanted the best, you know the rest. When UK prime minister Boris Johnson initiated a snap general election scheduled for December 12, he believed that Conservative’s decisive victory would allow adopting the draft Brexit deal in the new parliament without any problems. Everything may be rather different in reality. The Brexit party is not willing to compromise with the Tory and presses its suggestions. Therefore, the Labour party could eventually win the majority. Political uncertainty drives the pound volatility up, which results in the correction not only the GBP/USD but weighs on…
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