Open trading account 
The GBP/USD & the EUR/USD through Political Change
TheAnalyst Posted 8 May in #Trading #GBP/USD #EUR/USD #Politics35/54
Ranking
In the past couple of years, political developments have been important drivers of currency prices. The pound dropped like a bound and chained mafia victim against the dollar when the BREXIT vote materialized on June 23 2016—a vote which meant that the UK would have to cut its current ties with the EU at some point into the future.
Chart: On June 23 2016, the GBP/USD reached a low of 1.323 (high on the same day: 1.5020) after the BREXIT referendum result.
In the meantime the EUR/USD has been going up whenever US President Trump fails at to pass a bill or manages to pass it but a whole lot of people find themselves tangled at the side of the building, feet up as a result. In this case, we are referring to the Healthcare bill. That is in early 2017. On the day President Trump got elected, the EUR/USD experienced a significant drop, similar with the one after the BREXIT vote.
Then there’s the French Presidential elections conundrum. The EUR/USD gapped up by 200 pips after the elections round Sunday on April 23, which resulted in Macron and Le Pen candidates moving on to the final round. The pair found support at above 1.08, without ever closing the gap, and even reached 1.10. All o…
Chart: On June 23 2016, the GBP/USD reached a low of 1.323 (high on the same day: 1.5020) after the BREXIT referendum result.
In the meantime the EUR/USD has been going up whenever US President Trump fails at to pass a bill or manages to pass it but a whole lot of people find themselves tangled at the side of the building, feet up as a result. In this case, we are referring to the Healthcare bill. That is in early 2017. On the day President Trump got elected, the EUR/USD experienced a significant drop, similar with the one after the BREXIT vote.
Then there’s the French Presidential elections conundrum. The EUR/USD gapped up by 200 pips after the elections round Sunday on April 23, which resulted in Macron and Le Pen candidates moving on to the final round. The pair found support at above 1.08, without ever closing the gap, and even reached 1.10. All o…
