The UK election results are now flowing quite rapidly, with declarations of seats mostly confirming the exit polls, that showed a hung parliament. The shock sent the pound down, but it has since recovered. The actual results show an outperformance for Labour. Corbyn could become PM, or at least May could leave Downing Street. Will [...]
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According to some reports, security has been ramped up around Labour leader Jeremy Corbyn, signaling he may become more important than the battered leader of the opposition. Yet this anecdote is not totally out of sync with reality. After exit polls showed a hung parliament, the initial real results are looking good for the left-wing opposition. [...]
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UK exit polls are shocking by showing no absolute majority for the Conservatives in an election that was supposed to be a landslide. While polls narrowed towards the vote, they still showed a healthy lead for PM Theresa May. GBP/USD is crashing nearly 2% to the 1.27 handle. However, this may be a buying opportunity. Here are three [...]
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Official exit polls show 314 seats for the Conservatives, short of 326 needed for a majority. Labour wins 266.SNP wins only 34, the Lib Dems 14. Experts say that in previous elections, exit polls underestimated the Conservatives. Nevertheless, it is a shocker. This is below expectations for the Tories and the pound is reacting with a [...]
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Former FBI Director James B. Comey testifies before the Senate about his interactions with Trump. The US dollar needs Trump to be cleared for his agenda to continue: infrastructure, tax cuts and more, leading to potentially higher growth, higher inflation and rate hikes. Comey Live Blog
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After the ECB removed its reference to lower rates, EUR/USD surprisingly dropped. Will Draghi hit the euro when it’s down? Or will he sound more optimistic, erasing “downside risks” from his usual text? ECB President Mario Draghi meets the press on June 8, 2017. He is expected to remove the phrase “downside risks” and set [...]
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The ECB leaves all its policy measures unchanged. The QE program remains at 60 billion euros per month, the interest rate at 0% and the deposit rate at -0.40%. EUR/USD is moving with extended volatility, rising to 1.1262 and falling to 1.1220. Volatility is stronger in the pair. Preview: ECB Preview: balanced risks could provide a [...]
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Brits go to the polls to elect a new parliament. A snap election was supposed to result in an easy, snap victory for Theresa May’s Conservatives, but turned into a closer race that has significant implications for Brexit and the pound. Here is our full guide to trading GE2017 with GBP/USD. Below you can find [...]
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