The British Pound tumbled yet again this Monday

The British Pound tumbled yet again this Monday

By: Simon Furman | Where To Trade | On:Monday, 16 January, 2017
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   The British Pound tumbled on Monday and reached its lowest level since October 2016. This happened right before Theresa May's speech, on Tuesday. Theresa May, UK's Prime Minister is expected to sketch the plans for Brexit, meaning Britan's plans to leave the European Union.

  This made the GBP/USD pair went down hitting 1.1988, the lowest level since October, going even lower than the 1.20 level set back in October.

The EUR/GBP pair also went down, hitting two-months low. The British pound went up 0.93%, reaching 0.8814.
Investors dread that Uk's Prime Minister Theresa May will announce Uk's leaving of the single market and the customs union. This is called a "hard Brexit" and its dreaded by the markets over the European Union. 

  The American dollar also fell against the Japanese Yen. This happened due to investors that are still waiting for Donald Trump's inauguration on Friday.
The USD/JPY pair hit 113.63, the lowest point since December. This made the American dollar to go down by 0.45%. 
The ambiguity on Trump's future plans made the U.S. dollar index to go up bu 0.43%, reaching 1.0596.

Simon Furman

Simon Furman

Think Global - Act Local

Simon Furman is one of the best financial analyst with 27 years of trading experience

Citigroup Inc. is to pay $25 million amends

Citigroup Inc. is to pay $25 million amends

By: Simon Furman | Where To Trade | On:Thursday, 19 January, 2017

Citigroup accepted to pay the amends without denying the accusation

Netflix added 7.1 million new subscribers

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By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017

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Oil prices increased on Thursday

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In recent trading session the oil prices went at their lowest point

The Federal Reserve Chair Janet Yellen is set to have another speech on Thursday

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By: Darryl Frankfort | Where To Trade | On:Thursday, 19 January, 2017

 On Wednesday, Federal Reserve Chair Janet Yellen spoke about the interest rates and about the United States' economy

Gold prices tumbled on Thursday, during the European morning trade

Gold prices tumbled on Thursday, during the European morning trade

By: Oliver Miller | Where To Trade | On:Thursday, 19 January, 2017

The gold prices dropped below $1.200

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