Pound Touches 7-Week Low Amid UK Election Turmoil

The pound has fallen sharply after the general election result showed the ruling Conservative party has failed to reach a majority in the British Parliament. The currency dropped as much as 2 percent against the US dollar to 1.26744 and a similar amount against the euro to 1.13. Brexit talks The election result left investors…

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Euro Under Pressure Ahead Of French Election 2017

As the first round of the French Presidential election on April 23 nears, finance experts predict the euro could fall to 1.03 against the US dollar. There are 11 candidates in the race, and assuming none wins a majority, the two highest scorers face off two weeks later. The two-round system was introduced in 1962…

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Pound Takes A Nosedive Amid Brexit Fears

The pound fell against the U.S. dollar on Monday, after it was claimed that British Prime Minister Theresa May will signal plans to quit the EU single market. The UK currency fell as much as 1.6 percent to a low of $1.1986, a level last seen during October’s flash crash, when it briefly hit $1.18….

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Euro Awaits Italian Referendum Result

Sleepless nights have become common for foreign exchange, bond and share dealers over the past six months, due to UK’s unexpected decision to leave the EU in June and Donald Trump’s election last month, which caught markets by surprise. Currently, Italy is under the spotlight heading into the Sunday 4th constitutional referendum. The goal of…

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