# Boris Johnson to become UK leader: experts predict more pound weakness

> Sterling fell for a third day to a 27-month low against the dollar after Boris Johnson won the Conservative leadership contest. Analysts said the pound's rise to power was largely priced in, and the pound pared its losses to around $1.2474. Analysts expected further pound weakness on concerns about a no-deal Brexit.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/58366-boris-johnson-to-become-uk-leader-experts-predict-more-pound-weakness
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of continued pound weakness mean dollar-based pricing for UK buyers may rise, but the link to feed commodity prices is weak.

## Read by commodity

- GBPUSD: bearish ▼

## Sources

- cnbc.com: https://www.cnbc.com/2019/07/23/boris-johnson-to-become-uk-leader-experts-predict-more-pound-weakness.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.