Pound to US dollar exchange rates have continued to move lower the past 3 months, with the interbank exchange rate trading between 1.3151 and 1.2091 in that period, having last been over 1.30 at the beginning of May. A quick review of various forecasters sees many predictions for GBP/USD to hit sub 1.20, should a no-deal Brexit take place. Important economic news this week might take a backseat to the ongoing political news on Brexit and the Trade Wars, both of which can be mostly linked to recent movements.
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