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Dec 02 - 08:36 PM
GBP/USD - Mixed Polls, The Money Says A Conservative Government
First appeared on eFXplus on Dec 02 - 06:20 PM
  • Little changed after closing flat, but EUR/GBP jumped 0.5%, with bund yields

  • Fear of increasing chances of a hung parliament after modest poll tightening

  • Latest ICM poll has Johnson maintaining a 7 point lead nL8N28C44B

  • Bookmakers have a Conservative majority government at 1/2 favourite

  • A Labour minority government at 6/1 against and Labour SNP coalition at 12/1

  • The money still believes that Boris will lead a working majority government

  • Charts - momentum studies flat line, conflicting 5, 10 & 21 DMAs - no bias

  • Seven week 1.2770/1.3012 range looks likely to dominate into the election



gbp dec 3 Click here

Source:
Refinitiv IFR Research/Market Commentary

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