No Brexit Trade Deal Leaves Sterling on Edge – 3 June, 2020

A fast approaching June 30 deadline for Brexit trade deals to be prepared are on the forefront of investors minds as the currency climbed to a one month high of $1.26. Britain has stated that it is willing to re-negotiate and compromise to come to a an agreement. According to a poll, sterling is expected to have weakened to $1.23 by the end of June. Prime Minister has repeatedly rued out asking for an extension as the Britain prepares to leave the European Union, a possibility he has continued to rule out. The spread of the coronavirus has caused Britain to have the highest death rate in all of Europe, with the economy also taking a major hit