As we write, the ruling UK Conservative Party have lost over 600 seats in the local elections, and if these losses are translated into a national vote, the Conservative and Labour parties will be neck and neck on 28% of the vote while Others will have 25%. UK politics look set to re-assert themselves and Sterling is very likely to suffer.
Sterling Price (GBP) Talking Points:
- Brexit talks to continue next week against a negative backdrop.
- GBPUSD still finding support around 1.3000.
The DailyFX Q2EUR Forecast is available to download including our short- and medium-term look at Sterling (GBP).
Fundamental…
To read the full article please click HERE
Credit: Source link