Over the weekend news reports were indicating that the current UK Conservative goverment is in hot water and in difficulties. Internal party struggles and problems with handling the Brexit negotiations seem to be at the heart of the trouble. The EU is apperently preparing for a possible collapse of the Brexit talks.
In any case, the Great British Pound (GBP) reacted swiftly to the news and fell strongly at the open of this week’s trading.
What can traders expect from the GBP this week? Time for a closer look.