GBPUSD Overview: Sterling falls to session lows

There are rumors about potential resignations from the Tory party. Also, with that, the GBPUSD pair hits a low of 1.3037 on the session at this moment. This was the earlier news that impact yesterday.

Should this truly occur, expect that the jitters should keep on weighing further on the GBP as markets will expect that more resignations are to follow. As referenced earlier in the week, resignation among Tory lawmakers will be increasingly pronounced and have a greater affect on the Sterling as it would lessen May’s majority in parliament.

 

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.