Usd to gbp exchange rate forecast: British Pound Forecast: Talk of October Snap General Election Poses Further Downside

“A hard Brexit or the prospect of a new election is likely to weaken the GBP further, while a controlled withdrawal or a second referendum is likely to reduce the risk premium on the GBP and strengthen it,” says Richard Falkenhäll, Senior Currency Strategist with SEB . “Currently the outcome looks more uncertain as a new Conservative leader could widen the rift between the government and the Parliament further. This suggests that the GBP should fall further in coming months.”

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