British Prime Minister Theresa May announced general election decision for June 8 with a surprise decision. The reaction of the currency and assets of the country, which was taken less than a month after the official start of the UK's exit from the European Union, that was positive. After the announcement, the GBP / USD rose to the level of 1.2677, while the rate of 10-year monetary turnaround in demand was below 1 % for the first time since October.
When we look at the American side, following the announced NAHB housing market index yesterday, we learned today how housing starts and construction permits changed in March. Housing starts were realized at 1,215 thousand with a decrease of 6.8 percent per month. Construction permits were realized as 1,260 thousand with a monthly increase of 3.6 % . Despite the fact that both were March data, there was a contradictory realization. However, in general, the trend seems to be negative for the near future. Finally, we can say that after announcing Theresa May's general election will be held on 8th June, then the Sterling gained value in the global markets.
- Date: 19 April 2017 Wed 09:44
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