EURGBP Pace of Trading Quickens and Bounce Higher Seen
The U.K will have its new Prime Minister it officially in the first week of September.
Two conservative candidates were finalized yesterday, and now a series of debates and Tory party votes will take place over the next month plus - to determine the new leader. However, financial institutions have known about the process for Prime Minister for a while and Boris Johnson’s fate and his resignation have been in the cards for a while. In other words, financial institutions are not surprised.of July the EUR/GBP was trading at nearly 0.
The middle of June saw a climb in the EUR/GBP to roughly 0.87200 before a move lower begun and tested the lows displayed on the 13
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