Investors seem too afraid for a new round of investments on the British pound due to the fact that uncertainty over the Brexit still sparks fears of the U.K. dropping out of the European Union with no deal.
On Wednesday morning the GBP dropped to a fresh 6-month low versus the euro, with the dovish turn in BOE pressing the popular currency as well.
GBP dropped to $1.2475 versus the greenback on Wednesday, having broken under the important $1.25 level.
Fed signals rate cut and S&P 500 Jumps
Daily Analysis - 11/07/2019