Pound Gains Momentum After Political Shake-Up. Forecast as of 26.06.2026
The markets were bracing for a battle for the prime minister's seat, but instead saw a quiet handover of power to Andy Bernham. Moreover, the new Labour Party leader does not plan to deviate from the old fiscal rules. This factor is supporting GBP/USD quotes. Let's analyze the situation and develop a trading plan.Major Takeaways The UK has seen its sixth prime minister in seven years. The smooth transition of power has supported the GBP/USD pair. The central banks' passivity is beneficial for th