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GBP Continues its Free Fall on Brexit Fears, BoJ Policy Decision

JFD

The pound kept tumbling yesterday, weighed by UK PM Johnson’s decision to set a hard deadline for leaving the EU, something that revived fears of a hard Brexit. Today, ahead of tomorrow’s BoE decision, GBP traders may keep an eye on the UK CPIs for November. As for tonight, the BoJ decides on monetary policy. We don’t expect any changes, so attention will be on the Bank’s statement and language.

Johnson’s Hard Line Continues to Weigh on GBP

The pound was for another day the main loser among the G10 currencies. It lost the most ground against CHF, JPY and EUR, while it underperformed the least versus NZD.

The British currency continued feeling the heat of UK PM Johnson’s decision to set a hard deadline for leaving the EU. Remember yesterday we noted that Johnson wants...

Read the full financial markets daily report on JFD Research.

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Source: https://www.jfdbank.com/en/research/gbp-continues-its-free-fall-on-brexit-fears-boj-policy-decision-20191218
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