Trading news

Sterling falls to historic lows

Sterling dropped, amid the referendum's outcome for Brexit, and reached 1985 historic lows while lately recovering somehow slightly.

The GBP/USD, amid falling as low as 1.3231, reached its weakest level for the last 31 years, still trading 8.05% lower at 1.3672.

Sterling crashes amid a 52% win for Brexit

Furthermore, the United Kingdom voted to ''Leave'' with a percentage winning rate of 52% versus 48% who have voted to ''Remain''.

The Scottish and Londoners voted for the nation to remain in the EU while Wales and the U.K, outside London, voted for Brexit.

Moreover, the Bank of England is closely monitoring the result, while David Cameron, British Prime Minister, called for unity.

Read More

Friday, 24 Jun, 2016 / 8:42

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/sterling-falls-to-historic-lows

Trading news

 

Gold Trades Muted Despite Bearish Market Sentiment

The precious metal is attempting to make some recovery, but price action [...]

Posted on Tuesday, 27 Oct, 2020 / 1:35 under

WTI Crude Oil Loses The 38.83 Floor Again

Oil prices are trading bearish, as the sentiment shifts to the downside. The [...]

Posted on Tuesday, 27 Oct, 2020 / 1:34 under

GBPUSD Holds The Range Between 1.3122 & 1.3000

The British pound sterling drifted lower on Monday as intraday prices briefly [...]

Posted on Tuesday, 27 Oct, 2020 / 1:33 under