This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
Pound Has Been Under Pressure
GBP has been under increasing pressure over recent months as the uncertainty around the Brexit outlook increases.
This uncertainty is being driven by the Conservative party leadership contest which is currently underway in the UK. The winner of the leadership contest will take over from Theresa May as the new Prime Minister.
Johnson Promises Brexit By Halloween
The two candidates in the final stages of the contest are Boris Johnson and Jeremy Hunt.
Both candidates have said that they support the decision to leave the EU and are firmly intent on delivering Brexit.
However, the key difference is that Boris Johnson, the favorite to win, has vowed “do or die” to take the UK out of the EU by the current deadline of Halloween.
This means that he is perfectly happy for the UK to leave without a deal, rather than extend the current situation any further. And Johnson has ...
To keep reading this article, please navigate to: Orbex Forex Trading Blog.