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British pound rate soared on election results

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British pound rate soared on election results
December 13
09:00 2019

Friday began with the news about the strengthening of the national currency of Great Britain. The reason was the news of the confident victory of the conservatives, led by the current Prime Minister. We recall that this party advocates the urgent withdrawal of the island state from the European Union.

Since the start of today’s trading session, the pound against the US dollar has soared by 2.7%, the asset is currently trading at 1.3515 US dollars.

This is a record trend for the pound for a rather long period; last time the market saw a similar increase in the value in late spring 2018.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

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