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Dec 12 - 01:24 PM
GBP: How To Interpret The Election Results & How GBP/USD Will React? - Credit Suisse
First appeared on eFXplus on Dec 12 - 12:00 PM

Credit Suisse summarize  how to interpret the results of today's UK elections.

"In terms of how to interpret the results, a Tory majority of 40 seats or higher would represent a validation of market expectations and would likely be consistent with additional tactical GBPUSD strength in the near-term towards the mid-March highs around 1.3340 – especially after the last minute unsettling surprise delivered via the latest polls," CS notes. 

"Conversely, vote outcomes leading to a sub-40 seat majority would prove disappointing relative to market expectations, bringing back memories of the 2017 election, and paving the way for a retreat in GBPUSD back below 1.30 towards the early November weekly lows around 1.2770," CS adds. 

Source:
Credit Suisse Research/Market Commentary

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