How to trade the JPY?
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
British pound rebounds as trouble mounts for May
On Monday, the British pound tumbled because troubles mounted for UK Prime Minister May. According to a report up to 40 Conservative MPs are waiting for a leadership challenge. Meanwhile, Brexit talks face a key deadline.
The evergreen buck obtained a lift versus its key counterparts because American yields grew and as the British pound declined. However, traders were still focused on a planned American tax overhaul.
The British pound last slumped 0.55% being worth $1.3120, drifting away from an eight-day maximum of $1.3229 scaled on Friday on better-than-anticipated data on British industry.
The Sunday Times informed that 40 members of parliament from May's Conservative Party have decided to have a letter of no-confidence in her signed.
Versus the Japanese yen, the British pound declined 0.45% being worth 149.12 yen.
The US currency soared 0.1% trading at 113.660 yen. As for the common currency, it lost 0.1% hitting $1.1653.
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Increased Volatility is Coming
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Market Crash Incoming?
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