In this video we address potential market outcomes of the current scandal engulfing Boris Johnson's leadership.
We see 3 potential outcomes, I've listed them briefly below and fully explained them in the video.
Option 1 - Boris Johnson resigns quickly and Rishi Sunak becomes the new prime minister. This would be positive for the GBP
Option 2 - We see a messy...
Looking at a basket of Sterling pairs on a variety of time-frames.
(You can add this to your own watchlists by copying this code: GBPAUD*GBPCAD*GBPCHF*GBPJPY*GBPNZD*GBPUSD*GBPEUR )
There appears to be some evidence of a bottom shaping on the 4-hour chart.
Expecting a bumpy ride with Sterling, but I believe the Risk/Reward is looking favourable in the short...
