Corbyn as PM - price target for Sterling?

with it being an increasing probability that Corbyn could become PM, what's your price target on GBPUSD? interested to hear everyone's views

my inclination is it might retest the support from 2016

 

1GBP:0USD

 

The same concerns could arise if Bernie becomes the president.

 

Imagine the world if both were in power simultaneously.

 

Some people would love it. Curiously enough even among the stock traders crowd.

 

lol, at least the US elections take place on scheduled times

 

Then it might be worth applying for exile in Russia.

 

Leader of the Opposition - Jeremy Corbyn
On Marx -
"a great economist"
https://www.telegraph.co.uk/news/20...rbyn-joins-john-mcdonnell-praising-communist/

Shadow Chancellor - John McDonnell
On Marxism -
"Marxism is about the freedom of spirit, the development of life chances, the enhancement of democracy."
https://www.newstatesman.com/politi...nell-leading-surprise-rebirth-british-marxism

Shadow Home Secretary - Diane Abbott
On Mao -
"on balance Mao did more good than harm"


Holy crap!

 

alright, between Corbyn and BoJo, who would you rather see as PM?

 

Difficult choice as neither is suited to such a job, so its a question as to which would do least damage. Corbyn is an ideologically driven Marxist-Leninist which makes him dangerous to the UK economy but he is older so probably would only be in No.10 for 1 five-year term (or less). That is good but he might stand aside in favour of John McDonnell, a younger and perhaps more vehement communist. Between them they might make the UK another Venezuela.

Johnson is no state leader and will make a mess of the job, so he might be forced to resign by his party or voted out by the country. He is also not ideologically driven and has shown some business-friendly instincts. He is younger and has his own broad public appeal, so he could serve for two terms if circumstances are kind to him. He could do considerable damage over that sort of time period and how badly he might mess up is hard to say but at least if he brings the country to its knees it would be by accident, not revolutionary design.

Johnson would do less damage.