Forex Market Review (European Session) – British drama hurts sterling; dollar advances eyeing Fed meeting
Posted on June 9, 2017 at 3:01 pm GMTPolitical developments were dominating investors’ attention today with the outcome of British national elections and the effect on sterling being number one on the watch-list. Less than two weeks’ time before Brexit negotiations get underway, UK Prime Minister Theresa May’s Conservative party lost its majority in the House of Commons. May’s call for snap elections was in the first place intended to give her a stronger hand in negotiating the nation’s exit from the EU and the outcome turned out [..]