Pound gripped by political uncertainty

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Investors are likely to remain extremely wary of holding onto the Pound this week due to ongoing political uncertainty in the United Kingdom.

The sudden resignations of Foreign Secretary Boris Johnson on Monday and Brexit Secretary David Davis less than 24 hours earlier initially triggered concerns over greater political in instability in Westminster. Although fears seem to have somewhat faded today over Prime Minister Theresa May facing a leadership challenge after losing two key cabinet ministers, the Pound still remains vulnerable to downside risks. An unanswered question lingering on… Read More

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