WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

GBP/USD Rebounds to 1.2740 As Theresa May Forms Alliance with Northern Ireland's DUP Party

Posted by Chris Advincula on Jun 26, 2017 7:10:27 AM

GBP.6.26.2017.jpg

Sterling reversed its decline to 1.2705 after the initial selling in early Europe following the news headline that British Prime Minister Theresa May reached an agreement with the Northern Irish Democratic Unionist Party on Monday to gain coalition support for the UK Conservatives. 

The news, althought sterling positive prompted only some short-coveriing for the pound, but much remains to be seen on the outcome of Theresa May's ongoing Brexit negotiations.

 

DUP.6.26.2017.jpg

Topics: GBPUSD, Forex, BREXIT

 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!