Analytics

Johnson makes the pound more expensive

Reason for the growth of the British currency

Recent social surveys have shown that the Conservative Party of Boris Johnson continues to gain political points. The Labor Party is following, but the backlog continues to widen.

By a strange coincidence, Johnson’s rise to power had a positive effect on the pound. The politician took office at the end of July, and already in August, the first signs of a trend break came.

Johnson won early parliamentary elections, which will be held on December 12. If the victory remains with him, then his party can get a majority in parliament, which will mean a virtually guaranteed exit from the EU by the end of January. It is this plan that the Prime Minister is now declaring.

 

Assets Summary
GBP/USD Buy carefully

 

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