If there is a basic version of the Brexit deal, why not improve it?
The pound’s roller-coaster in December has become a typical example of the situation when the market forgets about an event and then recalls it. The confidence in the Conservatives’ victory in the UK general election, which finally occurred, pushed the GBP/USD up to 1.35. The risk of a no-deal Brexit should have disappeared forever. But it comes up again! Boris Johnson, willing to limit the transition period by a deadline on December 31, 2020, has reminded investors that anything can happen. For example, the UK withdrawal from the…
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