Could the pound crash to $1? A 'Boris Brexit' might make it happen

Guno צְבִי

Guno צְבִי

We fight, We win, Am Yisrael Chai
The Tory cavalcade of clowns


Right now, the pound is trading below $1.25. It was at nearly $1.50 before the 2016 vote on Brexit.
Experts predict that Johnson's election as Conservative Party leader and the approaching October deadline will together continue to push sterling toward $1.20, and possibly lower.
"The risk of the UK leaving without a deal is going up by the day," said John Wraith, head of UK rates strategy at UBS. "There's this ... magnet drawing sterling lower, just because time is shortening."


https://www.cnn.com/2019/07/23/investing/boris-johnson-brexit-pound/index.html
 
guno said:
The Tory cavalcade of clowns


Right now, the pound is trading below $1.25. It was at nearly $1.50 before the 2016 vote on Brexit.
Experts predict that Johnson's election as Conservative Party leader and the approaching October deadline will together continue to push sterling toward $1.20, and possibly lower.
"The risk of the UK leaving without a deal is going up by the day," said John Wraith, head of UK rates strategy at UBS. "There's this ... magnet drawing sterling lower, just because time is shortening."


https://www.cnn.com/2019/07/23/investing/boris-johnson-brexit-pound/index.html
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right wing leadership always produces economic disaster...……..the US is a perfect example
 
https://en.wikipedia.org/wiki/Boris_Johnson#Prime_Minister_of_the_United_KingdomOn 19 July, Reuters reported that Johnson, as well as his political allies, had been actively supported by the former Russian-Ukrainian oil tycoon Alexander Temerko, who became a major donor to the Conservative Party after he fled Russia in 2004 to evade criminal charges.[418][419] Temerko said he was on friendly first-name terms with Johnson. Kremlin spokesman Dmitry Peskov said Temerko "has no connection to the Kremlin or the Russian authorities."[418]
 
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