Pound Slides Below $1.20 as Election Looms Ahead of Key Vote

Tuesday, 3 September 2019 15:21 WIB



The pound slumped to a level not seen in more than two-and-a-half years after U.K. Prime Minister Boris Johnson vowed to call a snap election if he lost a crucial vote in parliament on Tuesday evening.

Sterling fell below $1.20, a level not tested since January 2017, after Johnson said he would trigger a general election on Oct. 14 if lawmakers pass legislation later Tuesday forcing him to delay Brexit again in the event of a no-deal.

The pound fell 0.5% to $1.2011 after touching $1.1994 earlier. Sell stops below 1.2015 and stop entries below 1.2000 have been filled, according to a Europe-based trader, who asked not be identified he isn’t authorized to speak publicly.

Source : Bloomberg


  • The U.S. dollar is back in demand Wednesday, as investors sought safe havens amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent. At 3 AM E...
  • The dollar found a footing on Wednesday as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. The greenback...
  • The dollar has been on the back foot Tuesday, with risk sentiment boosted by further evidence that the virus has peaked in some countries in Europe, while the U.S. has also seen scattered evidence of ...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.