Before the market realizes what new Prime Minister Theresa May just said, because right here as part of her first speech as PM…
“…the full title of my party is the Conservative and Unionist party. And
that word unionist is very important to me. It means we believe in the
union, the precious, precious bond between England, Scotland, Wales and
Northern Ireland. But it means something else that is just as important.
It means we believe in a union not just between the nations of the
United Kingdom but between all of our citizens – every one of us –
whoever we are and wherever we’re from.”
…she said that he government will put the continued existence of The UK before Brexit. In other words, Scotland just got very important. Here’s the GBP/USD pair chart…
…so mark that at 1.32 and come back in a week’s time.