Today we are looking at GBP. As a matter of fact, everyone is looking at GBP today as the country carrier of the currency – Great Britain in undergoing serious changes in its political life and these changes are going to heavily affect not only pound but other currencies as well. I am of course talking about elections of the new PM of the country which was won by Boris Johnson – an avid supporter and ideologist of Brexit as well as a man who is going to prefer a non-deal Brexit to waiting for the two sides to make their peace od re-negotiate the terms completely. And we are all waiting for the changes that he is going to bring to the table with his controversial views and statements.

But what are we going to do now? We can see that the markets are not really favoring the choice of Johnson for the position. After all GBP hated Brexit talks and right now everyone talks about Brexit a lot as it is going to be impossible to avoid. Euro is also bound to take a hit but not nearly as hard as GBP. Plus, the growing greenback is also not making matters better for pound not only it is brought down by inner issues it is also pressed on by a growing USD.

Despite a small rebound we see that pound doesn’t have enough power to climb higher now.

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