After a strong week, sterling falls on likely Boris Johnson win
Johnson will face Jeremy Hunt in the final round of the UK leadership contest, worrying investors about a no-deal Brexit
21 June 2019 - 18:24
London — On Friday, sterling slipped to a whisker off recent five-month lows against the euro after Brexiteer Boris Johnson moved closer to becoming British prime minister, worrying investors that his government would make a no-deal Brexit more likely.
It eased against the dollar as well but stayed on course for a weekly gain against the greenback after the Bank of England (BoE) stuck to its message that interest rates would need to rise, contrasting with the US Federal Reserve, which is now expected to cut rates from July...
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