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As the UK Election Draws Closer: How Will the Results Impact the Pound?

  • Written by Ana Estrada
  • Category: Blog

The UK is heading to the polls on the 12th December to cast their ballots for the so-called ‘Brexit election’, as voters decide who will be the next Prime Minister.  We've seen the Pound strengthen considerably over the last week against the US Dollar following YouGov polls showing a Conservative Party majority. Will Boris Johnson deliver on his Brexit promise if he wins the election?

 

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The Pound Plummets: What will Happen Next?

  • Written by Ana Estrada
  • Category: Blog

Today, the pound reached the lowest point against the US Dollar since March 2017, amidst political uncertainty and a Brexit negotiation that is still very much up-in-the-air. With GBP/USD hitting 1.221 early Monday morning, sterling has now fallen by 4% in the month of July, as shown on the two-year graph below. Markets are still concerned by the risk of a no-deal Brexit, and the effects that would have on the British economy.

 

Read more: The Pound Plummets: What will Happen Next?

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