Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Sterling Sinks to One-month Lows Amidst Rising Political Uncertainties

    • Home
    • Trade Ideas
    • Sterling Sinks to One-month Lows Amidst Rising Political Uncertainties
Oct, 06th 10:55

Sterling tumbled to one-month low versus the U.S. dollar in European trading session on Friday amidst rising political uncertainty while the dollar kept ticking higher due to optimism over one more rate hike this year.

The British Pound dropped 0.43 percent to trade at $1.3061, down from $1.3118 recorded late Thursday in New York. The pair GBPUSD was lingering at levels that have not seen since early September and looks set for a 2.5% weekly tumble, its biggest since the week ending October 7, 2016.

Speculation that a general election could be called in the U.K. grew but Theresa May’s future was in doubt after she failed to win a majority in June’s national election. Especially after her speech at the Tory party conference on Wednesday which is called “disastrous”, there are rumors that the Prime Minister will be asked to step down by her own party.

Trade suggestion

Buy Digital Put Option from 1.30600 to 1.30200 valid until 20:00 GMT October 06, 2017