Sterling falls from 6-month peak against Euro
3 years ago

The British pound fell against most of its major counterparts today, to give up the 6-month high it hit earlier on Thursday against Euro.


Sterling drew support from the YouGov opinion poll that showed support for the British Prime Minister Boris Johnson's Conservative party in the December 12 election.


The Conservative party said it had raised more than $11 million from its supporters in the first two weeks of the election campaign, while the opposition Labour Party had only $4.8 million.


These cues hint that the Conservatives will bag the majority of seats in the next parliament, leading to implementing the Brexit deal on January 31 and ending the uncertainty that surrounded the British scene for more than three and a half years.


As for trading, GBP/USD fell by 0.1% to 1.2909 as of 17:14 GMT, the pair hit an intraday high of 1.2952 and a low of 1.2899.


GBP/EUR fell by 0.2% to 1.1725, with a high of 1.2766 and a low of 1.172.

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