European Session – Sterling stabilizes as Theresa May likely to become Prime Minister
Posted on July 11, 2016 at 2:57 pm GMTThe broadly upbeat risk sentiment in the markets today led to a weaker yen and a decline in gold prices as demand for safe havens faded. The Japanese yen started weakening during the Asian session and continued falling throughout the European session to push the dollar up to a one – week high of 102.65 yen. The yen came under pressure on expectations of additional stimulus measures by Prime Minister Shinzo Abe after elections over the weekend resulted in Japan’s [..]