Higher probability of messy Brexit sent GBP/USD to its two-year low
Everyone has a plan until they get punched in the mouth. This famous phrase by Mike Tyson is a good description of what is now going on with the Bank of England. Its forecasts for the UK GDP and inflation were based on the assumption that there will be a deal between London and Brussels. Few believed in the no-deal Brexit. And the skeptics now have to pay. The GBP/USD hits the lowest levels since 2017, which is the further evidence that the underestimation of risks may have negative…
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