Every good player knows that successfully bluffing requires a great game from time to time. Now, Boris Johnson tried to make a bluff and ended up humiliated by the UK Parliament, with his hands tied about the future of the issue that led him to the leadership of the Conservative party, Brexit.
In just one day, Boris was not only prevented from running a Brexit without agreement, but also was unable to call early elections, which greatly reduced the likelihood of an economic disruption between the EU and the UK, thereby consolidating the gain that the British Pound racked up in the last sessions. A recovery that came after the currency hit 34-year lows against the US dollar, and there is now some room for this upward movement to continue for some time, incorporating the new, lower-risk reality.
Marco Silva is a Financial Market Specialist with 20 years of experience, with transactions in 12 different countries, involving numerous financial instruments, Specialist in Technical Analysis, Capital Manager, Investment Advisor, Financial Hedging Operations and Algorithm trading developer. Economic Commentator TV and RTP Information for the Financial Markets, Responsible for the Department of Economy / Markets of TVL.
© 2019 High Leverage FX - All Rights Reserved.
© 2019 High Leverage FX - All Rights Reserved.