Aug
06

British Bargain

With new British Prime Minister Boris Johnson pushing for a hard Brexit on 10/31/19, the pound is approaching a 35-year low! Since April, every ten-percentage point swing in the chances of a hard Brexit result in a 3-cent change in the value of the pound. At that rate, a hard Brexit will push the pound down another 20 cents to $1.05, possibly $1.00. I’ll be Trick or Treating in London!

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