Pound Rallies Against US Dollar & Euro

July 12, 2016 2:24 pm Published by

The Pound rallied today following the news that Theresa May is to become the United Kingdom’s next Prime Minister.

We were not expecting a new British PM for another two months, so Theresa May’s ‘virtual coronation’ has put confidence back into the Sterling and property stocks.

Pound Sterling rose against the Dollar to USD 1.3175 today and was over 1% higher against the Euro at €1.1874.  The FTSE 100 also hot a fresh 11-month high before falling back to 6,683.28.


gbp to usd currency chart


gbp to eur currency chart


Managing your Risk – Place an Order

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This post was written by Kayleigh Driscoll

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