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Refinitiv
Oct 30 - 09:48 PM
GBP/USD - Polarized Election Agendas, As Sterling Holds Firm
First appeared on eFXplus on Oct 30 - 08:15 PM
  • Flat after closing +0.2% on broad USD weakness, as yields slipped post FOMC

  • Johnson and Corbyn go into election with very different agendas nL8N27FAM0

  • Election likely won by attracting swing voters not Brexit/remain committed

  • Polls have Conservatives ahead, but have a patchy record nL8N27F4YU

  • 1.3000 capped the Oct bounce, consolidation since leaves neutral technicals

  • Key levels are 1.3012 October high and 1.2700, 38.2% of the October bounce

  • NY 1.2846 low and 1.2950 300M strikes are initial support/resistance

Source:
Refinitiv IFR Research/Market Commentary

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