Sterling seems to act in William Shakespeare’s play
The situation with the GBP in 2019 looks like William Shakespeare’s play The Comedy of Errors. The euphoria about the extension of Brexit deadline from March 29 till October 31 pushed the GBPUSD to its 9-month high, however, when investors saw that the uncertainty continued, they started selling the sterling. Next, Boris Johnson became the UK prime minister and promised to leave the European Union on Oct. 31, deal or no deal, sending the pound down to its three-year low; but the UK parliament’s willingness to avoid a no-deal Brexit changed everything again. Investors started buying the…
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