The GBP/USD pair broke under the 1.21 level in view of the current constitutional crisis even as MPs have returned to the parliament. The pair continued to hover around the intra-day lows at 1.2090. Although, it must be noted that the US was away for the Labor Day, hence the liquidity could have been an issue. Ultimately, money is likely to flow into the Treasury markets of the U.S., which may send the USD much higher. In essence, there won’t be any opportunity to invest in Sterling until the Brexit takes place.
Aviso legal
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