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GBP/USD: fundamental analysis 12 June 2017, 08:31


The pound is actively adjusted against the US dollar during the morning session on June 12, winning back Friday’s losses, when the instrument dropped to local lows. Recall that the cause of the negative dynamics of the pound were the results of the elections to the UK Parliament, according to which the ruling Conservative Party lost the overwhelming majority. This has contributed to increasing fears around the Brexit process, which had some complications recently. However, the media reported that the Conservatives and the Northern Ireland Party had succeeded in reaching a consensus, as a result of which Therese May remained as prime minister and retained a parliamentary majority.
Resistance: 1.2769, 1.2800, 1.2844, 1.2902.
Support: 1.2737, 1.2693, 1.2673, 1.2634.
Από το Blogger.