Jump to content
Find Professionals    Deals    Get Quotations   Portfolios
Sign in to follow this  
Anzo Lim

GBP/USD: Opinion Poll Shows Narrowing Lead of the Conservative Party

Recommended Posts


According to the latest MRP poll conducted by YouGov, the ruling Conservative Party can secure 339 seats, while the opposition Labour Party can win 231 seats in general election on December 12th.


The market estimates a narrowing of Conservative Partys lead over the Labour Party. For the Tories, the greatest weakness is years of tight monetary policy, including inadequate investment in public health and the police sector, had led to social issues such as poor public security and difficulty in accessing medical services which the public felt increasingly upset about.


Statistics from Britain showed that industrial output didnt look encouraging, while Octobers GDP is below estimation. The UKs general election this Thursday will cause great volatility in the pound. Technically, there are signs that the GBP may be overbought.  


Daily pivot points for GBP/USD: 1.3134---1.3160


S1: 1.3080                  R1: 1.3189


S2: 1.3038                  R2: 1.3256

Edited by Anzo Lim

Share this post

Link to post
Share on other sites
Looking for good contractors? Click here for your request

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • advertisement_alt
  • advertisement_alt
  • advertisement_alt
Aura Sink download renotalk renovation guide