6 May 2015
GBP/USD stable despite threat around UK elections
FXStreet (Guatemala) - GBP/USD is currently trading at 1.5247 with a high of 1.5287 and a low of 1.5148.
GBP/USD is collecting bids post the fall out earlier today from above the 1.5280 support and is stablising currently as we head further towards the UK elections showdown just a day away now. Opinion polls show that no
single party will win enough seats to govern alone and the outlook for Sterling remains uncertain with a growing threat of the need for further elections later in the year and the possibility that the UK will not remain in the EU, depending on the outcome of the elections and whether the UK remains with a Conservative-led government or not.
Technically, analysts at UOB Group explained that there is no change to their view wherein they believe the current movement is part of a neutral broad consolidation phase. "We continue to expect this pair to trade choppily between 1.5030 and 1.5300 for the next several days."
GBP/USD is collecting bids post the fall out earlier today from above the 1.5280 support and is stablising currently as we head further towards the UK elections showdown just a day away now. Opinion polls show that no
single party will win enough seats to govern alone and the outlook for Sterling remains uncertain with a growing threat of the need for further elections later in the year and the possibility that the UK will not remain in the EU, depending on the outcome of the elections and whether the UK remains with a Conservative-led government or not.
Technically, analysts at UOB Group explained that there is no change to their view wherein they believe the current movement is part of a neutral broad consolidation phase. "We continue to expect this pair to trade choppily between 1.5030 and 1.5300 for the next several days."