For June, much like the crowds at Glastonbury festival, currency markets were lively.
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JohnFor June, much like the crowds at Glastonbury festival, currency markets were lively. However, unlike those belting out their favourite tunes, there wasn’t much to sing about when it came to some of the major currency pairs. Last month wasn’t short of political drama for the UK, as it went to the polls, yet again, in a general election – plunging the country into more uncertainty. Over in the US, the dollar failed to maintain its lift, off the back of the Federal Reserve rate adjustment, due to questions surrounding Donald Trump’s leadership. As for the euro, there was more of a feel good factor, as the currency hit a 14 month high against the US dollar, as well as making some pretty good gains against the pound. Has June turned out to be an even more boisterous month for the currency markets? Read on to found out in this edition of our Monthly Wrap. |
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Do you think the result of the general election will mean a better deal on Brexit for Britain? Each month we ask you questions based on a topic that’s dominated currency news headlines. Theresa May looked to consolidate power and drive a hard Brexit with the recent general election. Several weeks later, her majority is lost and a deal has been struck with the DUP. Will she now get a better Brexit deal? Take our short survey and find out what others think - it takes just 30 seconds! |
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