Political uncertainty in UK sends GBP/USD down
Just a couple of weeks ago Mark Carney said the UK withdrawal from the EU would help not only the UK economy, but it would also support global growth, removing one of the uncertainties. In November, it is clear that uncertainty remains. Furthermore, it is still not clear who will replace him as the president of the Bank of England. The pound was trading according to a binary model of determining the value, and it is trading this way. If earlier investors expected that a no-deal Brexit will press it down to $1.1-$1.15,…
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