Pound Bulls May Have a Real Reason to Hope

(Bloomberg Opinion) — If the market is right, the chance of a resolution to the Brexit nightmare has just been transformed. After Ireland’s Taioseach Leo Varadkar briefed the press on his lengthy one-on-one talks with British Prime Minister Boris Johnson, currency traders turned what had already been a good day for the pound into one in which sterling at one point made its greatest gain in more than two years. For some context, this is what has happened to the pound against the dollar since the beginning of September, when Johnson’s gambit to prorogue Parliament appeared briefly to have made …read more

Source:: Yahoo Finance

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