Stop buying GBP at $1.36 - trader explains why Sterling faces 25% crash
Key Points
- The British Pound just dipped to $1.3601 as markets brace fo...
The British Pound just hit $1.3601 and promptly decided to take a 0.3% nap, proving once again that even currencies need their beauty sleep before facing the economic reality check coming July 9th. That's when the US plans to unveil its latest tariff announcements, and spoiler alert: the UK is sweating bullets despite Theresa May's earlier steel and aluminum deal that temporarily kept the trade wolves at bay.
When Your Trade Deal Expires Like Milk
Here's where it gets interesting. President Trump is reportedly preparing letters outlining new tariffs for countries without solid trade deal...
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