DCFX-TA

GBPUSD - Downward Correction | Market outlook

Short
FX:GBPUSD   British Pound / U.S. Dollar
The focus of British investors' attention remains the political crisis associated with the figure of Prime Minister Boris Johnson. Earlier, he admitted that he attended a party with members of the government in May 2020 and thereby violated the quarantine rules in force at that time. The media suggest that such parties may have been held more than once. Johnson's apology failed to calm either public opinion or the Prime Minister's political opponents. Moreover, he was called upon to resign by prominent members of the Conservative Party. They believe that Johnson undermines the trust of citizens in the conservatives, which can have negative consequences in the elections, so it is necessary to get rid of the prime minister, who has lost his former popularity, before it is too late. Boris Johnson himself is not going to leave yet, believing that he did not violate the rules of isolation. It should also be noted that today the British Minister of Health Sajid Javid is due to address Parliament with comments on the government's position on reducing the quarantine period from 7 to 5 days. According to officials, such a measure is necessary to alleviate the situation of employers affected by staff shortages
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