Question

overview and analysis of this news

Pound rises amid Brexit delay speculation

Answer 1

The pound was down amid the news of Brexit or when the referendum was conducted to exit the European Union. The investors were jittery about the potential outcomes of Brexit, thus the pound depreciated significantly.

Recently, there is speculation that Brexit would be delayed or referendum will be conducted once again, has led to a positive environment and investors are bullish on the market. Thus, the pound is rising. Further, the Bank of England has also decided that it would respond to economic shock positively if the deal is delayed. Investors do not see Brexit as a profitable deal. thus they would reduce their economic activities if the deal is materialized.