GBP reaches serious resistance, but Sterling's losses may not stop here

11.07.2019 / 06:28

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The British pound has continued to spook investors amid fears of the U.K. crashing out of the European Union without a deal on Halloween day.

Sterling fell to a new 6-month low against the euro during Wednesday morning trade, with the risk of a no-deal Brexit and a dovish shift in Bank of England expectations weighing on the currency.

With a new prime minister due to be installed by the end of July, and no clear resolution on the horizon for the Brexit impasse, the losses might not stop here.

Trader Georgi Bozhidarov

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GBP reaches serious resistance, but Sterling's losses may not stop here

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