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13.12.201809:30 Forex Analysis & Reviews: Theresa May won an important victory

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This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Theresa May won an important victory.

On Wednesday, a vote of confidence in the leader Theresa May was held in the British parliament in the faction of the ruling Conservative Party and May won a majority in her party.

Of course, this is not a win in the vote in the entire parliament by agreement with the EU - but a very important victory.

An emergency EU summit will take place today in agreement with Britain. Theresa May expects to receive at least some additional support from the EU.

As we can see on the chart,the pound responded by a marked increase to the May vote.

In addition, do not forget about the ECB meeting today on December 13 about the ECB decision at 11.45 London time and the press conference of the ECB President Draghi at 12.30 London time.

Exchange Rates 13.12.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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