GBPUSD The pair during the trading session on Tuesday fell by 35 points, ending trading at 1.2435. As expected, the new leader of the Conservative Party in Britain and, accordingly, the new prime minister of the country, was Boris Johnson. He received an impressive 92,513 (87.4%) of votes of the Tories against 46,656 votes cast for his main rival George. Hunt.
It should be noted, market participants reacted negatively to a pretty Johnson's victory, which was noticeable not only in the dynamics of a pound, but also the national stock market, which at the end of the last day was also in negative territory. Market pessimism due to the fact that Boris Johnson is best known as an uncompromising advocate of hard Brexit, so his election greatly increase the likelihood that Britain still leaves the EU without continuing access to the European single market and the customs union.
Speaking to lawmakers, the new British Prime Minister Johnson stated that the country should withdraw from the EU by 31 October. Immediately after this appeared in the media information about the Labor Party leader Jeremy Corbyn plans to initiate a vote of no-confidence to Johnson. Given that the GBPUSD remains under pressure and on Wednesday, the chances that customers will be able to seize the initiative are not as high. Recall that over the Pound continues to loom a threat of new resignations of ministers who disagree with the political course of the newfound prime minister, not to mention the threat of rigid Brexit in general. It inhibits the growth of the pair and a stronger dollar, to get support on the background of the revised expectations for aggressive reduction of key rates by the Federal Reserve next week.
GBPUSD SellLimit 1,2460 TP 1,22 SL 1,2510
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