British Pound Likely to Head Lower, Strategist Borish Says
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Business
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University
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Hard
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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main reason for the British pound's significant drop as discussed in the first section?
Economic growth in the UK
Increased interest rates
Fears of a no-deal Brexit
A new trade agreement
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to Peter Borish, what happens when key levels in a market chart are broken?
Prices increase
Support becomes resistance
The market stabilizes
New support levels are created
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What historical event does Peter Borish mention that relates to his career in foreign exchange?
The 2008 financial crisis
The 1997 Asian financial crisis
The 2016 Brexit referendum
The 1985 intervention by President Reagan
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key consideration when trading options on the British pound, as discussed in the third section?
The weather conditions in London
The color of the currency
The expiration date of the options
The political stability of the UK
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why might traders prefer December options for the British pound?
They are the most liquid
They are the cheapest
They have the shortest duration
They are less risky
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