{"id":138726,"date":"2018-12-11T08:01:48","date_gmt":"2018-12-11T13:01:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138726"},"modified":"2018-12-11T07:11:17","modified_gmt":"2018-12-11T12:11:17","slug":"eurusd-euro-and-pound-under-pressure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/eurusd-euro-and-pound-under-pressure\/","title":{"rendered":"EURUSD: euro and pound under pressure"},"content":{"rendered":"
December 11, 2018<\/div>
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By Matthew Anthony, Alpari<\/a><\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

On Monday the 10th<\/sup> of December, the euro dropped to 1.1352 against the dollar. This movement was facilitated by both technical and fundamental factors. The euro dragged the pound down with it, which plummeted against the dollar by 250 pips. The pound\u2019s collapse was brought about by UK Prime Minister Theresa May\u2019s decision to delay the parliamentary vote on her Brexit deal, which was scheduled for the 11th<\/sup> of December. The Prime Minister\u2019s opponents have labelled her decision as cowardly.<\/p>\n

Following the pound, investors intensified the euro selloff. The single currency came under added pressure from French President Emmanuel Macron\u2019s decision to declare a national state of emergency in response to the protests sweeping the country.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n