GBPUSD reaction to new Prime Minister announcement

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Boris Johnson won 66% of the votes yesterday and became the next UK prime minister as widely expected. He insisted he would “get Brexit done by 31 October”. The market didn’t have much reaction to this result, GBPUSD fall 0.23%.

There was a rebound in oil price because the US API crude oil inventory data fall for 6 consecutive weeks since 18th of June. Investors should pay attention to the situation in the Middle East and the impact of the US EIA crude oil inventory data.

The high impact expected events in upcoming days are Australian RBA Gov Lowe Speaks, Spanish Unemployment Rate, European Main Refinancing Rate and Monetary Policy Statement. 

 

Daily movement

Asset

Open

Close

High

Low

change%

USDX

97.0000

97.4000

97.4400

96.9700

0.41%

EURUSD

1.1209

1.1151

1.1210

1.1146

-0.52%

GBPUSD

1.2468

1.2439

1.2482

1.2418

-0.23%

USDJPY

107.8670

108.2170

108.2850

107.8220

0.32%

AUDUSD

0.7035

0.7005

0.7035

0.6996

-0.43%

USDCAD

1.3118

1.3135

1.3163

1.3112

0.13%

NZDUSD

0.6758

0.6703

0.6759

0.6702

-0.81%

USDCNH

6.8820

6.8833

6.8857

6.8792

0.02%

GOLD

1424.5700

1417.4400

1430.0800

1414.0600

-0.50%

WTI

56.0200

56.9500

57.2500

55.5800

1.66%

BRENT

63.5200

64.3600

64.6100

62.8500

1.32%

DOW 30

27179.4300

27315.5000

27370.3700

27165.1700

0.50%

S&P 500

2986.2900

3000.9300

3006.1600

2984.9400

0.49%

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