Pound: misfortunes never come alone

The GBP/USD is the weakest since 1985 not only because of the coronavirus

World’s major cryptocurrencies fall against the U.S. dollar mostly amid the uncertainty resulted from the coronavirus breakout. However, the GBP/USD crash to the lowest level since 1985 is seen to have resulted from a double uncertainty. In addition to the concerns about the term and the scale of the epidemic, investors are concerned about the outcomes of the UK-EU trade talks. Furthermore, the UK economy is rather vulnerable to foreign risks and investors flee from the UK assets. So, the sterling’s crash looks natural. 

Dynamics of GBPUSD volatility and…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>