GBP/USD Falls On UK Election Results

9 June 2017, 08:20
Ahmad Hassam

GBP/USD has fallen more than 300 pips on UK Election results.

Neither the Conservative Party nor the Labor Party could win the majority.

GBP/USD started falling when the exit poll results showed that Conservative Party wont win a majority.

Thursday was difficult day for the currency traders.

Former FBI Director Comey was scheduled for a testimony in front of US Senate.

UK General Elections were scheduled.

Comey testimony had the potential to move USD.

UK General Elections could move GBP big time.

Read the post in which I analyze GBP/USD UK General Elections.

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