ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for July 24, 2019. See details below:
FOREX/ BREXIT
The Pound is almost flat on the day, following yesterday’s announcement that Boris Johnson will be the UK’s next prime minister. The lack of movement could perhaps indicate resignation from the markets, facing what promises to be a long, hot summer of Brexit intrigue.
Uncertainty, related to Mr Johnson’s do-or-die rhetoric, in relation to negotiations with the EU, appears to be priced in already. Investors are now awaiting concrete developments, before triggering the next significant Sterling movement.
Ricardo Evangelista – Senior Analyst, ActivTrades