empty
 
 
11.06.2019 11:33 AM
10 candidates for the post of British Prime Minister and 4 scenarios for the pound

This image is no longer relevant

American bank JPMorgan Chase downgraded its annual forecast for the pound to $ 1.29 from $ 1.35- $ 1.36 against the background of increased uncertainty around the UK exit from the EU.

"Predicting the outcome of Brexit has become more difficult," JPMorgan representatives said.

They believe that the risk premium for uncertainty in the pound will increase over the coming months, as more and more attention is paid to who will replace Theresa May as the chairman of the Conservative Party and the head of the Cabinet of Ministers of the United Kingdom.

10 people will fight for the post of Tory leader and prime minister of the country, announced the day before the management committee of the Conservative Party.

It is noted that this is the largest number of candidates for this post in history.

Prior to this, the maximum number of applicants was five people - in 1997 and 2016.

According to experts, the leaders of the race are former British Foreign Secretary Boris Johnson, who replaced him in this post, Jeremy Hunt, former Brexit Minister Dominic Raab and current Minister of Natural Resources Michael Gove.

"The election campaign is presented by supporters of Brexit, and the confirmation that the government under the new leadership is ready to turn around in the direction of a more" tough "scenario may further irritate investors," say JPMorgan currency strategies.

According to them, the following scenarios are possible in the UK, from the implementation of which will depend on the further dynamics of the pound sterling:

1. Foggy Albion leaves the EU in accordance with the terms of the current agreement developed by T. May and the Alliance. In this case, the pair GBP / USD will rise to the level of 1.33.

2. In the United Kingdom, new general elections are scheduled. The pound can either fall in price to $ 1.20 (if the conservatives, led by a supporter of the "tough" Brexit) win, or go up in price to $ 1.31 (if the Labor coalition wins and eases the country's softer exit from the EU).

3. There will be another referendum on UK membership in the EU, which will offer the pound to choose between $ 1.20 (if the country votes again for the exit) and $ 1.40 (in case of Brexit's refusal).

4. Continuing political paralysis and the further postponement of Article 50 of the Lisbon Treaty condemn the British currency to a constant drift in the region of $ 1.25.

Viktor Isakov,
Experto analítico de InstaForex
© 2007-2024
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $8000 más!
    ¡En Marzo, sorteamos $8000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback