Results of TV debates raised the chances of a hung parliament and damped down bulls in GBP/USD
As a rule, political risks increase uncertainty and make a currency’s future obscure. It has been true of the British pound since the Brexit referendum, but the situation has changed radically at the end of 2019. Even if HSBC continues thinking that the Tories’ victory at the election on 12th December will let GBP/USD rise to 1.45 while a no-deal Brexit will drop it to 1.1., few people believe that the pound will collapse below September’s low. Just because a no-deal Brexit is…
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