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Royal Weddings and Forex

High-profile weddings do not typically drive market prices, but when the Brits celebrated the union of Prince William and Miss Kate Middleton they were simultaneously watching their currency hit levels not seen since November 2009! When paired against its American counterpart, the Sterling advanced more than 70 pips from 1.6625, its starting price for the day. The Asian session began with a very little pullback for the GBP/USD, and bulls were slowly pushing the pair higher into top record levels.

Interestingly enough the most boring wedding of all times drove the pound higher and higher. Well…you know well what happened than. Let us hope on a big swing and high profits for smart traders after other (less boring) royal events.

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