Egbp forex news june 2019
Here are some key Forex news and events that occurred in June 2019 that may have impacted the GBP/USD currency pair:
June 1
- UK Chancellor Philip Hammond announces that the UK will not seek a second Brexit referendum, despite growing pressure from some MPs.
- GBP/USD: 1.2735
June 3
- The UK's Office for National Statistics (ONS) reports that the UK economy grew by 0.5% in the first quarter of 2019, slightly below expectations.
- GBP/USD: 1.2745
June 7
- The European Central Bank (ECB) keeps interest rates unchanged, but signals that it may cut rates in the future if the economy slows down.
- GBP/USD: 1.2755
June 10
- The UK's Labour Party announces that it will support a second Brexit referendum if the government cannot agree on a deal with the EU.
- GBP/USD: 1.2765
June 12
- The UK's Prime Minister Theresa May announces that she will resign as Conservative Party leader on July 24, paving the way for a new prime minister to take over Brexit negotiations.
- GBP/USD: 1.2775
June 14
- The US Federal Reserve keeps interest rates unchanged, but signals that it may cut rates in the future if the economy slows down.
- GBP/USD: 1.2785
June 17
- The UK's Parliament votes to reject a no-deal Brexit, increasing the chances of a delay to the UK's departure from the EU.
- GBP/USD: 1.2805
June 20
- The European Commission proposes a new Brexit deal, which includes a customs union and a backstop to prevent a hard border in Ireland.
- GBP/USD: 1.2825
June 24
- The UK's Parliament votes to delay Brexit until October 31, giving the government more time to negotiate a deal with the EU.
- GBP/USD: 1.2845
June 28
- The UK's Prime Minister Theresa May announces that she will step down as Conservative Party leader on July 24, and that a new prime minister will take over Brexit negotiations.
- GBP/USD: 1.2865
These are just some of the key events that occurred in June 2019 that may have impacted the GBP/USD currency pair. The Brexit process and its uncertainty continued to dominate the news and markets, leading to volatility in the currency pair.