FOREX TradingCharts.com

Forex News: Pound Rises On U.K. Election Day

Pound Rises On U.K. Election Day

06/08/2017 - 04:04:00 (RTTNews)

(RTTNews) - The British pound strengthened against the other major currencies in the early European session on Thursday, as the latest U.K. election polls revealed Prime Minister Theresa May's Conservatives Party is likely to win a majority in today's vote.

Final polls suggested that Theresa May's Conservatives had widened their lead to seven percent against Jeremy Corbyn's Labour.

In April, Prime Minister Theresa May announced a snap election, hoping to ensure a conservative majority in parliament to lead Brexit negotiations.

In the Asian trading today, the pound held steady against its major rivals.

In the early European trading, the pound rose to a 2-week high of 1.2976 against the U.S. dollar and a 2-day high of 142.59 against the yen, from early lows of 1.2950 and 141.75, respectively. If the pound extends its uptrend, it is likely to find resistance around 1.30 against the greenback and 146.00 against the yen.

Against the euro and the Swiss franc, the pound advanced to a 9-day high of 0.8670 and a 6-day high of 1.2524 from early lows of 0.8693 and 1.2474, respectively. The pound may test resistance near 0.85 against the euro and 1.26 against the franc.

In today's schedule of events, Eurozone final GDP for the first quarter is due to be released later in the day.

At 7:45 am ET, the ECB releases the outcome of its governing council meeting in Frankfurt. The bank is expected to keep its refi rate at zero percent and the deposit rate at -0.4 percent.

The announcement will be followed by a press conference, at 8:30 am ET.

In the New York session, Canada housing starts for May and house price index for April and U.S. weekly jobless claims for the week ended June 3 are slated for release.

At 10:30 am ET, Bank of Canada Governor Stephen Poloz releases financial system review, in Ottawa.

Former FBI Director James Comey is set to testify before Congress for the first time later in the day to answer questions about Russian interference in the 2016 U.S. presidential election.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Pound Extends Rally On U.K. PM's Proposal To Protect EU Citizens In U.K. (01 hr(s), 59 min(s), 32 sec(s) ago)
(RTTNews) - The pound extended its early rally against its major counterparts in early European de ...Full Story»

NZ Dollar Advances Against Most Majors (02 hr(s), 38 min(s), 32 sec(s) ago)
(RTTNews) - The New Zealand dollar strengthened against most major currencies in the European sess ...Full Story»

Australian Dollar Rises Against Majors (02 hr(s), 50 min(s), 32 sec(s) ago)
(RTTNews) - The Australian dollar strengthened against other major currencies in the European sess ...Full Story»

Euro Little Changed After Eurozone PMI (04 hr(s), 08 min(s), 32 sec(s) ago)
(RTTNews) - At 4.00 am ET Friday, IHS Markit released flash PMI data for euro area. After th ...Full Story»

Euro Mixed Ahead Of Eurozone PMI (04 hr(s), 17 min(s), 32 sec(s) ago)
(RTTNews) - At 4.00 am ET Friday, IHS Markit releases flash PMI data for euro area. The flash comp ...Full Story»

Pound Advances Further Against Majors (04 hr(s), 29 min(s), 31 sec(s) ago)
(RTTNews) - The pound climbed further against its major opponents in early European deals on Frida ...Full Story»

Euro Little Changed After German PMI (04 hr(s), 41 min(s), 32 sec(s) ago)
(RTTNews) - At 3:30 am ET Friday, Germany's flash PMI data for June was released. After t ...Full Story»

Euro Mixed Ahead Of German PMI (04 hr(s), 47 min(s), 32 sec(s) ago)
(RTTNews) - At 3:30 am ET Friday, Germany's flash PMI data for June is due. Economists forecas ...Full Story»

Search

FOREX NEWS

Pound Extends Rally On U.K. PM's Proposal To Protect EU Citizens In U.K.

06/23/2017 - 06:12 AM (RTTNews)
(RTTNews) - The pound extended its early rally against its major counterparts in early European de ...Full Story>>

NZ Dollar Advances Against Most Majors

06/23/2017 - 05:34 AM (RTTNews)
(RTTNews) - The New Zealand dollar strengthened against most major currencies in the European sess ...Full Story>>

Australian Dollar Rises Against Majors

06/23/2017 - 05:21 AM (RTTNews)
(RTTNews) - The Australian dollar strengthened against other major currencies in the European sess ...Full Story>>

Euro Little Changed After Eurozone PMI

06/23/2017 - 04:03 AM (RTTNews)
(RTTNews) - At 4.00 am ET Friday, IHS Markit released flash PMI data for euro area. After th ...Full Story>>

Euro Mixed Ahead Of Eurozone PMI

06/23/2017 - 03:55 AM (RTTNews)
(RTTNews) - At 4.00 am ET Friday, IHS Markit releases flash PMI data for euro area. The flash comp ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.