The results of the news in the UK and the US on Thursday.

According to the results of the parliamentary elections in the UK we got drop pounds. Theresa May and her party lost the absolute majority in the parliament.

GBP fell to the level of 1.2733. At the same time, technical analysis shows that this fall is a correction of the uptrend on the daily basis. But since the election results may be the beginning of the crisis in the country and cause the Brexit talks to fail, then a breakdown is likely.

Other currencies react weakly to the elections. The dollar, the Euro and the Yen are moving at low volatility. But the Dollar falls for the second consecutive day. In this case, the expectation of volatility during the news in the US (speech by James Komi) was not justified. The speech did not cause any movement in the market.

USD/JPY rose to the price of 110.33, and the dollar index to the basket of major currencies rose to a price of 97,221.

The Euro is traiding at $ 1,1180.


Analysis by AccentForex analyst Aarush Marwari.

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