British pound steadies, following opinion survey

British pound steadies, following opinion survey

On Monday, the UK’s sterling found itself the only substantive mover among key currencies, reviving some ground after weekend surveys demonstrated that Prime Minister Theresa May is braced for winning next week's elections even if the scale of win is quite questionable.

The British pound faced its worst day since early February, and this currency slumped nearly 2 cents the previous week because survey revealed that May's lead over the opposition Labor Party had dropped from 20 points to 5 the previous month in one survey.

With London markets unavailable for a holiday, the British pound jumped 0.2% during thin morning trade in the EU, showing $1.2825 as well as 87.13 pence per euro respectively.

The evergreen buck that was also suppressed the previous week amid dropping expectations for a key boost for surge from the Trump administration, stood still, keeping to $1.1175 per euro and also 111.33 yen.



Aussie and Kiwi ascend

On Tuesday, the Australian and New Zealand dollars edged up versus their American rival notwithstanding the publication of dismal Australian data because market sentiment on the US currency turned to be vulnerable ahead of the Fed’s last policy gathering…

Greenback is steady with focus on Fed gathering

On Tuesday, the evergreen buck was sturdy enough keeping to two-week maximums against a basket of key currencies, with market participants waiting for the Fed’s policy gathering this week for new catalysts…

Bitcoin futures overleap $18,000

On Monday, the world’s craze for cryptocurrencies entered a fresh chapter as bitcoin futures shockingly ascended by one-fifth of their market value at a closely-monitored launch…


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