Sterling holds after 2-year low against euro

Economies.com
3 years ago

British pound stabilized today against euro after hitting 2-year low on news about early elections in the UK.

 

The Financial Times stated that Britain's PM, Boris Johnson, will call an early general election days after the UK exit the EU on October 31st, in case his government loses the house of commons' confidence.

 

Which came amid British circles' speculations that Johnson's government will seek a no-deal Brexit.

 

After his victory, Johnson said the Brexit will go on as scheduled in October, whether by an agreement or not.

 

As of 19:10 GMT, GBP/EUR stabilized at 1.0846, with a high of 1.086 and a low of 1.0793, after hitting 1.0794, which is the lowest level since August 2017.

Forex and Currency News

USD/CHF news

Forex

Swiss franc hovers near two-month low following inflation data
15 hours ago
Swiss franc fell in European trade for  a second session against dollar, almost hitting ...
EUR/USD news

Forex

Euro declines to near two-month trough ahead of Lagarde's speech
19 hours ago
Euro declined in European trade for a second session against dollar, almost hitting two-month lows ...
Forex News

Forex

Dollar declines to one-week trough ahead of US monthly jobs data
3 days ago
Dollar declined in European trade for another session, plumbing one-week trough off 11-week highs ...

Forex Technical Analysis

GBP USD Analysis

Forex

Midday update for the GBPUSD 05-06-2023
18 hours ago
The GBPUSD pair provides clear negative trades to break 1.2430 level and reinforce the expectations ...
EUR USD Analysis

Forex

Midday update for the EURUSD 05-06-2023
18 hours ago
The EURUSD pair shows slight bearish bias since morning, to move below 1.0700 barrier, reinforcing ...
Technical Analysis

Forex

The CHFJPY builds minor bullish channel – Analysis – 5-6-2023
21 hours ago
The CHFJPY pair formed minor bullish channel recently, to notice its stability above 153.00 support ...