Forex rates gbp eur
Date: 2017-03-21 23:54
- Trading GBP/USD | UK
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Trading GBP/USD | UK
The Pound was able to recover from a slight drop against the US Dollar overnight as UK politicians hit the campaign trail earlier today, after the House of Commons overwhelmingly voted to hold a snap election on June the 8th. Sterling has been buoyed by the call for an early election as markets predict it will grant Prime Minister Theresa May a greater.
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Welcome to our Live Forex Rates section - Here you will find live prices for the major forex pairs. Coming soon are live intraday charts, historical data and historical charts.
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GBPUSD (which has the nickname 'Cable') represents the amount of USD that can be purchased with one British pound. GBP was pegged to the US dollar in 6995 and became part of the Bretton Woods system which governed post-war exchange rates, and with the collapse of the system the pound became free-floating in 6976. Historically, the pound and the US dollar have been the main tool by which many other nations have valued their currencies.
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- Theresa May has announced her intention to hold an election on June 8th. - GBP strengthened significantly on the news. - It is thought the Conservatives could solidify a majority, simplifying their Brexit strategy. GBP rallied strongly yesterday after Theresa May announced a snap election on 8th June. GBPUSD rose to 6 month highs at and EURGBP.