Monday 17th June 2019

Good morning


Sterling traded sideways for most of last week following on from the first ballot to elect a new leader of the Conservative Party.

Three ‘hopefuls’ failed to meet the ‘cut’ leaving seven in the running with a further ballot due tomorrow (18th) with the results expected around 18.00.


GBP/USD fell from 1.2675 to a low of 1.2605 with GBP/EUR also down from previous 1.13 trading levels to almost 1.12.


Have a great week.