You are here: Home > articles > Forex > The pound and the euro rushed up against the background of Brexit movements
The pound and the euro rushed up against the background of Brexit movements
November 14, 2018 1:24 pmVideo
Latest News
- Trading Signals for EUR/USD for May 3-5, 2024: sell below 1.0803 (overbought – 5/8 Murray) May 3, 2024
- Trading Signals for GOLD for May 3-5, 2024: sell below $2,320 or below $2,300 (21 SMA – 200 EMA) May 3, 2024
- Technical Analysis – GBPUSD advances above descending trendline May 3, 2024
- USD experiences day X May 3, 2024
- Bitcoin licks wounds as Fed comes on the rescue – Crypto News May 3, 2024
- GBP/USD: trading plan for the US session on May 3rd (analysis of morning deals). The pound is preparing to get out of the May 3, 2024
- EUR and GBP may drop May 3, 2024
- EUR/USD: trading plan for the US session on May 3rd (analysis of morning deals). US data will be the key moment of the week May 3, 2024
- USD/JPY: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- GBP/USD: Simple trading tips for novice traders for May 3rd (US session) May 3, 2024
- Video market update for May 03, 2024 May 3, 2024
- EUR/USD: Simple trading tips for novice traders on May 3rd (US session) May 3, 2024
- Could the BoE adopt a more dovish stance on Thursday? – Preview May 3, 2024
- EUR/USD. May 3rd. Bulls don’t give up without a fight May 3, 2024
- GBP/USD. May 3rd. Bears are counting on a strong US labor market May 3, 2024
- Market Comment – Stocks enjoy Fed-induced bounce as dollar slips ahead of NFP May 3, 2024
- Weekly Forex Outlook: 03/05/2024 – BoE and RBA decisions headline a calm week May 3, 2024
- Week Ahead – BoE and RBA decisions headline a calm week May 3, 2024
- USD/JPY: trading tips for beginners for European session on May 3 May 3, 2024
- GBP/USD: trading tips for beginners for European session on May 3 May 3, 2024
Today, the euro and the pound have gone up, as investor confidence in these currencies has increased due to the fact that the United Kingdom partially coordinated the draft divorce agreement with the European Union after more than one year of negotiations.
The surge in the growth of the euro and pound helped investors to take profits against the US dollar, which at the beginning of the week reached its 16-month maximum.
The dollar index, which demonstrates its value compared to the six major world currencies, is trading at 97.03 today, which is 0.28 percent less than yesterday’s value. Recall that on Monday, the dollar index reached its 16-month high of 97.69.
Sale of dollar positions due to improved sentiment regarding the possibility of optimal resolution of the situation for Brexit, and not because of any deterioration in the main indicators of the US economy. Note that the euro and pound sterling account for about 70 percent of the weight in the dollar index.
The British pound is trading at $ 1,3006 on Wednesday, gaining 0.25 percent, as traders cut bear rates after the United Kingdom and the European Union agreed on a preliminary text of the agreement that would allow the United Kingdom to leave the EU.
Returning to positive sentiment amid the prospect of a potentially smooth and orderly Brexit deal, the euro rose 0.14 percent today to $ 1,175.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: