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Pound dragged lower by Brexit worries

June 17 2019

Sterling has started the week on the back foot as the odds of Boris Johnson becoming next PM continue to shorten. Reports in newspapers over the weekend suggested that opposing candidates may drop out of the race against Johnson in an effort to stop more damage being done to the already divided party however this has been denied and we see another series of votes this week which will whittle down the field to two candidates by Thursday afternoon.


Today's expected ranges

GBP/USD: 1.25 - 1.2675 ▼
GBP/EUR: 1.1175 - 1.1310 ▼
GBP/AUD: 1.8215 - 1.8350 ▼
GBP/NZD: 1.9260 - 1.9410 ▼

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