GBP tests critical $1.30 level as global stock markets falter
03 Dicembre 2019 - 06:00PM
Coin Rivet
The Great British pound (GBP) is retesting the $1.30 level of
resistance following a 1.36% rally to the upside over the past
week. The resurgence of the pound comes after election polling put
the Conservative party 68 seats ahead of Labour. If this scenario
was to play out, the December 12 UK election has the potential to
produce the best result for the Conservative party since Margaret
Thatcher was elected in 1987. A Conservative win would see Great
Britain swiftly leave the EU on January 31, which would alleviate
fears surrounding the economical impact of Brexit. If the
Conservatives can gain a majority, the pound is expected to rise to
18-month highs, with the next levels of resistance at $1.35
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GBP tests critical $1.30 level as global stock markets falter
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GBP tests critical $1.30 level as global stock
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