This week the Pound has dropped to its weakest level since January against both the Euro and US Dollar.
Investors are worried that Boris Johnson will put Britain on a path towards a no-deal Brexit.
Based on the bookies, the probability of Boris being the next Prime Minister is now 88%.
There could be some choppy times ahead for the Pound as the October Brexit deadline approaches.
We have also seen the Euro under pressure this week as President Trump attacks the EU policy of weakening their currency to stimulate growth.
The US Dollar is sitting at uncomfortably high levels. As a result, Trump is putting pressure on the Fed to start cutting rates. We may not have seen the last of the so-called trade wars.
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Current rates:
Wednesday 19th June 2019 at 18:00
£1.00 GBP = 1.1262 EURO
£1.00 GBP = 1.2627 USD
£1.00 GBP = 1.8377 AUD
£1.00 GBP = 1.9344 NZD
£1.00 GBP = 1.6863 CAD
£1.00 GBP = 18.2804 ZAR
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