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Political conflicts have not broken the US dollar and pound

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Political conflicts have not broken the US dollar and pound
January 16
09:00 2019

The pound and the dollar maintain their positions in times of crisis in the United States and Britain. At the same time the yen is slightly growing.

The British currency retained its position, even when the national government abandoned the conditions for the country’s withdrawing from the Euro zone. The pound rate is currently equal to $ 1.29.

The yen has risen by 0.2% against the dollar and the euro- to 108 and 123 yen, respectively.
The dollar index, which reflects the exchange rate relative to the main partners, has fallen by less than a tenth of a percent.

The work of the American government is still suspended. The pause is the longest in the history of the country. Democrats have rejected an invitation from the President to negotiate at the White House.
The senators have begun to discuss possible solutions to the problem. However, knowing President Trump, we should not expect that he will accept the proposals of the Congress.

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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