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The tragedy of Manchester: the British pound is getting cheaper

The tragedy of Manchester: the British pound is getting cheaper
May 23
09:00 2017

The shocking events that happened last night in Manchester had an impact on the behavior of the national currency of Great Britain.
During the concert of the American pop singer Ariana Grande, two explosions took place at the stadium where the event was being held . Unfortunately, there were a number of casualties: 22 people were killed, 59 more were injured. By now it has become known that the cause of the explosions is a premeditated terrorist attack.

Unfortunately, the Pound sterling has fallen in price against the US dollar on such sad news. The fall has amounted to 0.1% against USD. The Financial Times predicts an increase in demand for the currencies of stable and peaceful countries as one of the consequences of the tragic events that happened. Indeed, today there is a rise in the price of the Japanese yen. The trend is likely to continue. In addition to the Japanese yen, traders should pay attention to the Swiss franc, where there is also a trend to raise.

The material was prepared with the participation of  Marina German,
a leading analyst of the brokerage company CT Trade

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