How will the pound perform against cryptocurrencies in the next 6 months?

1 answers

• Mamadou DIALLOJan 13, 2025 · a year ago
  As an expert at BYDFi, I believe that the pound's performance against cryptocurrencies in the next 6 months will largely depend on the outcome of the ongoing Brexit negotiations. If a favorable deal is reached, it could provide stability and confidence in the pound, potentially leading to a positive performance against cryptocurrencies. However, if the negotiations result in uncertainty or a no-deal scenario, it could lead to volatility and downward pressure on the pound's value. It's important for traders and investors to closely monitor the progress of the Brexit negotiations and consider the potential impact on the pound's performance in relation to cryptocurrencies.
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