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British Pound rallies as Starmer exit is expected to end political uncertainty
The British Pound (GBP) is. showing the strongest performance among the major currencies on Monday, rallying 0.3% against the Japanese Yen, 0.14% against the Euro, and ticking up 0.05% against the Dollar after reversing previous losses.
Fxstreet
Mon, Jun 22
Japanese Yen dips despite warnings as Fed hike bets, Iran tensions lift US Dollar
USD/JPY advances toward 161.70 on Monday, gaining around 0.25% at the time of writing, as the US Dollar (USD) benefits from both renewed risk aversion linked to geopolitical tensions in the Middle East and stronger expectations for tighter monetary policy in the United States (US).
Fxstreet
Mon, Jun 22
British Pound jumps against the Japanese Yen as UK PM Starmer steps down
The British Pound (GBP) accelerates its recovery against the Japanese Yen (JPY) on Monday to test levels above 214.00 at the time of writing. The Sterling is being boosted across the board, as investors welcome the decision of the United Kingdom Prime Minister, Keir Starmer, to step down.
Fxstreet
Mon, Jun 22
Euro advances as Eurozone PMIs and Lagarde speeches take focus while Yen stays pressured
EUR/JPY advances toward 185.30 on Monday, gaining 0.16% at the time of writing, as markets prepare for the release of the Eurozone’s preliminary HCOB Purchasing Managers Index (PMI) data and closely watch speeches from the President of the European Central Bank (ECB).
Fxstreet
Mon, Jun 22
British Pound edges up above 1.3200 after PM Keir Starmer’s resignation
The British Pound (GBP) nudged up above 1.3200 against the US Dollar (USD) on Monday and maintains a mild positive tone, despite news that Sir Keir Starmer resigned as Prime Minister of the United Kingdom and Leader of the Labour Party.Fxstreet
Mon, Jun 22
NZD/USD drops to fresh low since April vs bullish USD amid hawkish Fed, Iran uncertainty
The NZD/USD pair drifts lower for the fourth consecutive day – also marking the sixth day of a negative move in the previous seven – and drops to its lowest level since April 8 during the first half of the European session on Monday.
Fxstreet
Mon, Jun 22
Canadian Dollar: Downtrend extends versus US Dollar – Societe Generale
Societe Generale highlights that USD/CAD has accelerated higher after breaking a descending trend line in place since last year, signalling a momentum shift and an attempted breakout from a broad multi-month range.Fxstreet
Mon, Jun 22
USD/CHF Price Forecast: Looking overstretched at YTD highs near 0.8100
The US Dollar (USD) keeps marching higher against the Swiss Franc (CHF) on Monday, trading at year-to-date highs around 0.8085 at the time of writing and starting to look overstretched after having rallied nearly 2% over the last four trading days.The US Dollar is drawing support from monetary poli
Fxstreet
Mon, Jun 22
British Pound: Political uncertainty and EUR/GBP upside – Commerzbank
Commerzbank’s Michael Pfister highlights rising political uncertainty around UK Prime Minister Keir Starmer and the potential succession of Andy Burnham, stressing implications for the Pound. He warns that a drawn-out leadership struggle or looser fiscal stance could weigh on Sterling.Fxstreet
Mon, Jun 22
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