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Refinitiv
Oct 31 - 09:48 PM
GBP/USD - Massive Strikes Contain, As The Election Heats Up
First appeared on eFXplus on Oct 31 - 07:30 PM
  • Touch softer after closing up 0.3% on USD weakness and softer UST yields

  • Election under way - gov't and Labour have very different ideas nL8N27G1NC

  • PM Johnson moved right, Corbyn hard left - unlike any UK election in years

  • FT's election poll of polls has gov't with an early 12pt lead over Labour

  • 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

  • 1.2900 2.2BLN and 1.2950 1BLN strikes to contain in Asia

gbp nov 1 Click here

Source:
Refinitiv IFR Research/Market Commentary

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