June 26, 2019 04:18 PM RSS

Chart of The Week: British Pound Hits New Lows

  • Wall Street Rebel | Geoff Garbacz
  • 10/05/2016 07:05 AM
Chart of The Week: British Pound Hits New Lows

The British Pound is in free fall as it hits new all time lows. The reason for the fall? News that the British will invoke Article 50 next March and set the stage for leaving the European Union for March of 2019. As such, the U.S. Dollar is in rally mode and that in turn is crushing gold sending GLD towards $120 which is crucial support.

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