GBPUSD rallies to a ... dari Timothyt

GBPUSD rallies to a fresh monthly-high (1.2273) as UK Prime Minister Boris Johnson meets with French President Emmanuel Macron as well as German Chancellor Angela Merkel to renegotiate the Brexit deal, but it remains to be seen if a compromise will be reached with less than 70 days until the October 31 deadline. The lingering threat of a no-deal Brexit may become a growing concern for the Bank of England (BoE) as the central bank has 1 meeting left before the UK departs the European Union (EU),

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Richard Falkenhall, senior FX strategist at Nordic bank SEB, said the pound was likely to fall further following the developments in Westminster. “We are now getting into what seems to be an ugly battle between the new pro-Brexit government and the lower house; a battle in which apparently all means will be used to reach the objective, either to leave on 31 October or to delay a withdrawal,” he said.

Timothyt