LimitMarkets

GBPJPY at multi-year low

Short
FX:GBPJPY   British Pound / Japanese Yen
The pound hit again the two and a half year low against the yen Friday. Losses came as the probability of no-deal Brexit increases. New PM Johnson said the exit will happen on October 31 no matter what, rising the potential for substantial further losses. Sterling remained the worst-performing G10 currency in each of May, June and July. Investors are allocating their positions in haven assets amid multi-front uncertainties. RSI dipped in the oversold area. 127.00 in sight.

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