Oh! Sterling, the General Election within six months or earlier only adds to hyper chronic political uncertainty in the United Kingdom: the GBP indicates it dislikes political uncertainty and tends to lose a significant value during election cycles.
The Pound has come under pressure these past weeks as uncertainty levels kicked-in in response to the failure of Her excellency Prime Minister Theresa May to pass her Brexit deal, which later led to the announce of her resignation and shot the gun on a leadership race to find a replacement: the Pound exchange rate has fallen from highs since early May.
Pound-to-Dollar (GBPUSD) exchange rate has fallen down to 1.27 from highs of over 1.31 BUT wait! call me crazy - I see potential here.
The Pound has come under pressure these past weeks as uncertainty levels kicked-in in response to the failure of Her excellency Prime Minister Theresa May to pass her Brexit deal, which later led to the announce of her resignation and shot the gun on a leadership race to find a replacement: the Pound exchange rate has fallen from highs since early May.
Pound-to-Dollar (GBPUSD) exchange rate has fallen down to 1.27 from highs of over 1.31 BUT wait! call me crazy - I see potential here.