LONDON: The pound dipped toward recent lows on Tuesday (Jun 23), with arch-Brexiteer Boris Johnson set to win the race to become Britain's next ...
It dipped to US$1.2427 on fears of a dreaded"no-deal" split that severs trade ties abruptly. That was not too far from last week's two-year low of US$1.2382.
"We have not yet breached last week's lows and this may well be the final push before some profit taking kicks in." "Declines for sterling come as no surprise, with traders reflecting their expectations of a government led by a prime minister who has laid out a clear pathway for leaving without a deal in October."
"Given how he's seen as a far more moderate reformed Brexiteer, this would likely signal a softer Brexit and much reduced chance of no-deal.ASIAN STOCKS CLIMB
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