For Traders

Analytical Reviews

News

21.11.201809:36 Forex Analysis & Reviews: If investors stop believing in Brexit, the pound will collapse to $ 1.10

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The British pound can quickly fall to the level of 1.10 US dollars if the United Kingdom leaves the European Union without an agreement.

The pound sterling will suffer greatly if the likelihood that the transaction is not confirmed in December or January, and is not approved by the Prime Minister Theresa May or the country's parliament, will become a reality.

Analysts say that when a pound moves, it moves. The collapse of the pound to 1.10 dollars and the fall of the pound to 96-97 pence against the euro can occur "quickly."

Recall that on the eve of sterling sterling traded at around 1.2834 dollars and about 88.82 pence against the euro.

Note that less than five months before the time before Britain officially leaves the EU, both parties have not completed the settlement of their "divorce". If no agreement is reached by the end of March 2019, the pound sterling will fall to at least $ 1.20, as indicated by a survey of analysts by Reuters.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.