It’s Not Just the Pound That Will Suffer
(2 min read)
First it was the suspension of Parliament and the increased chances of a no-deal Brexit that hurt the pound. Now the possibility of a general election has been thrown into the mix, sending the pound to its lowest level in years against the dollar. The combination of a hard Brexit and a market-unfriendly Labour government can also be added to potential downside scenarios for UK markets. Needless to say, economic uncertainty and hard Brexit are two forces that will probably continue to ensure pound weakness...
TO READ THIS HIVE EXCLUSIVE SUBSCRIBE TO MACRO HIVE PRIME