You are here: Home > articles > Forex > The pound has updated lows due to the cancellation of the Brexit vote
The pound has updated lows due to the cancellation of the Brexit vote
December 10, 2018 5:21 pmVideo
Latest News
- Trading Signals for GOLD (XAU/USD) for April 19-22, 2024: sell below $2,395 (+2/8 Murray – overbought) April 19, 2024
- USD/JPY: Simple Trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- EUR/USD: Simple trading tips for novice traders on April 19th (US session) April 19, 2024
- GBP/USD: trading plan for the US session on April 19th (analysis of morning deals). The pound is trying to regain its advantage April 19, 2024
- EUR/USD: trading plan for the US session on April 19th (analysis of morning deals). The euro compensated for the losses April 19, 2024
- Storm in a teacup: EUR/USD analysis April 19, 2024
- Video market update for April 19, 2024 April 19, 2024
- Eurozone PMIs eyed as euro’s focus turns to rate cuts beyond June – Preview April 19, 2024
- Technical Analysis – NZDUSD falls to fresh 5-month low April 19, 2024
- EUR/USD. April 19th. Bostic, Fed: the rate cut will happen at the end of the year April 19, 2024
- Forecast for GBP/USD pair on April 19, 2024 April 19, 2024
- Weekly Forex Outlook: 14/04/2024 – US GDP and BoJ decision on top of next week’s agenda April 19, 2024
- Market Comment – Safe havens jump as Israel retaliates against Iran April 19, 2024
- Technical Analysis – USDCAD puts rally on hold near 1.3800 caution zone April 19, 2024
- USD/JPY: trading tips for beginners for European session on April 19 April 19, 2024
- GBP/USD: trading tips for beginners for European session on April 19 April 19, 2024
- EUR/USD: trading tips for beginners for European session on April 19 April 19, 2024
- Supercharged US dollar turns to GDP growth data – Preview April 19, 2024
- Technical Analysis – USDCHF remains in bullish structure April 19, 2024
At the beginning of the week, the pound sterling was under pressure due to reports that British Prime Minister Theresa May could cancel the vote on the Brexit terms agreement to avoid defeat, which is likely to result in her government’s resignation.
At 16:00 London time, the GBP / USD currency pair dropped to 1.2633, the lowest level in a year and a half, having lost about 1% of its value during today’s trading.
The Bloomberg news agency reported that May may withdraw from Parliament a bill agreed with Brussels on the conditions for Britain’s withdrawal from the European Union, as a defeat on the issue could lead to the government’s resignation.
The European Commission speaker said today that the EU is not going to revise the agreement, adding that the European Union is ready for any scenario.
Earlier, the European Court also ruled that the UK has the right to unilaterally withdraw a statement of withdrawal from the EU.
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: