GBP/USD has room to rise if Johnson indeed moderates once in office. Former foreign secretary Boris Johnson has let his opponents sweat and has finally launched his campaign to lead the Conservative Party and the country. He said that the UK must leave the EU by October 31st – as expected – thus respecting the will of the British people. He also lamented the failure to do so until now.
Stock markets and the British pound dislike Brexit, and especially the specter of a no-deal Brexit and Johnson is undoubtedly the leading candidate. Heather Stuart of the Guardian has asked Johnson if he would resign in case he was unable to deliver Brexit by October 31st.
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