8 May 2015
GBP/USD keeps surging, en-route to 1.55
FXStreet (Bali) - GBP/USD keeps surging, currently at 1.5445/50 from the 1.52 handle not long ago, following the shocking UK exit polls, which shows ruling government and its leader Cameron likely to remain the Prime Minister.
The fact that Cameron's party would be quite close from clinching the majority is a major positive input for the Cable. The sky continues to be blue for the Pound until faced with 1.55 offers, still some 50/60 pips away.
Remember, on days like today, techs fly out of the window, so pay attention to the wires at all times for any potential change in sentiment should the initial exit polls prove to be not as accurate as initially thought by the market.
The fact that Cameron's party would be quite close from clinching the majority is a major positive input for the Cable. The sky continues to be blue for the Pound until faced with 1.55 offers, still some 50/60 pips away.
Remember, on days like today, techs fly out of the window, so pay attention to the wires at all times for any potential change in sentiment should the initial exit polls prove to be not as accurate as initially thought by the market.