How Political Events Effect Your Investment

Bexit

On December 12, 2019, Boris Johnson and his Conservative Party Cohorts won the single largest UK majority government in over 30 years. And on that day, a side business headline that most people probably scanned over but lost the relevance of was the movement of their currency, the Great Britain Pound (GBP). In similar historic fashion, the GBP had the largest single day gain in over 20 years. See Chart Below

Forex chart

https://nationalpost.com/news/world/pm-johnson-heads-for-brexit-election-win-2

So what does all this mean for you? Well, if you’re already investing in the market, whether it’s through a low MER mutual fund, ETF, or your own brokerage account, the Foreign Exchange Market (Forex for short) offers both a great investment opportunity as well as an important asset class to diversify your portfolio.

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This blog is a matter of opinion by the author and does in no way promise, guarantee, or hold CWS to any future predictions that may or may not have been presented. This is not meant to be take as financial advice.