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28 April 2021 - Sterling reaction to political row a factor of lack of drivers
"When reviewing the likely drivers for Sterling this week, the Prime Minister’s curtains did not feature very high on the list.
Following the Conservative Party's victory in the 2019 election, it was clear that the Opposition Parties would spend the next five years with very little opportunity to affect policy and in these circumstances, the best they could do was snipe and disrupt.
Brexit afforded the perfect opportunity to criticize but the Prime Minister managed to pull a deal out of the dying embers of the negotiations. No matter that in the grand scheme that it didn’t satisfy everyone, that was always the nature of Brexit, but it has formed a basis for the Government to comply with the wishes of the electorate.
Now, Boris Johnson faces two entirely separate issues that will make him uncomfortable but little more.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.
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By CurrencyTransfer
5
11 ratings
"When reviewing the likely drivers for Sterling this week, the Prime Minister’s curtains did not feature very high on the list.
Following the Conservative Party's victory in the 2019 election, it was clear that the Opposition Parties would spend the next five years with very little opportunity to affect policy and in these circumstances, the best they could do was snipe and disrupt.
Brexit afforded the perfect opportunity to criticize but the Prime Minister managed to pull a deal out of the dying embers of the negotiations. No matter that in the grand scheme that it didn’t satisfy everyone, that was always the nature of Brexit, but it has formed a basis for the Government to comply with the wishes of the electorate.
Now, Boris Johnson faces two entirely separate issues that will make him uncomfortable but little more.
"
Beyond Currency Market Commentary:
Aims to provide deep insights into the political and economic events worldwide that can cause currencies to change and how this can affect your FX Exposure.