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UK election results shed 2% off the pound

Triple threat Thursday sent currencies lower. The UK election results caused the pound to drop 2%. The European Central Bank sent the euro 0.1% lower. Meanwhile, markets shrugged off former FBI director James Comey’s testimony. Forex GBP The results are in: Conservatives lost the overall majority in a disastrous result for the party. The pound slumped 2% as the results tricked in. Sterling has rebounded slightly as...

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Triple Threat Thursday: Market update

Energy stocks slipped this morning thanks to a sharp decline in oil prices. Forex is muted ahead of the UK general election. Forex USD Fiscal stimulus from the Trump administration now looks unlikely as Washington becomes soaked in political scandals and uncertainty. The dollar has decreased 4.4% since January. EUR The euro is slightly down ahead of the European Central Bank interest rate decision later today. Investors...

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