Home New government, new direction for the pound?

New government, new direction for the pound?

UK PM Theresa May has entered Downing 10 and appointed Phillip Hammond as Chancellor of the Exchequer. Until they both get used to their new roles, the pound moves mostly on the BOE.

Here are two opinions on the next direction of the pound:

Here is their view, courtesy of eFXnews:

GBP/USD Squeeze Won’t Go Beyond 1.35 But The Context Matters – SocGen

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Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.