Uncertainty in the GBP to continue

FX_IDC:GBPUSD   英鎊 / 美元
55 0
Despite releasing strong economic data for the month of May, I believe the GBP/USD climb has not only ended (as exhibited with its 150pip drop last friday) but the decline is likely to continue further.
The 150pip drop was due to to news that the governing Conservatives' lead over the Labour opposition down to just 5 percentage points weeks before the parliamentary election.

Hence, the GBP/USD is likely to go through a period of volatility and uncertainty, up until the UK elections on June 8th.

Coupled with the US Non Farm Payroll to be released on Friday 2nd June, if we see a positive, strong USD data, the GBP/USD could entend losses to around the1.2600 level.
This presents a very good opportunity to take advantage with short term shorts of the GBP.

The results of the NFP is a major unknown, which would affect the performance of the USD drastically.
Therefore, traders should be wise not to predict the data, but to prepare trade opportunities in either the good/bad data scenarios.
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
HE עברית
首頁 股票篩選器 外匯篩選器 加密貨幣篩選器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
概述 個人資料設定 帳戶和帳單 我的客服工單 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出