The British pound recovered and topped 1.29 after some opinion polls showed a higher chance for an absolute majority for the Conservatives. What is the trade? Here is their view, courtesy of eFXnews: NAB FX Strategy Research outlines 3 main scenarios for the UK elections on Thursday and the potential GBP direction for each of them. 1- “A Conservative victory with an increased majority would now see at least a modest relief rally for GBP.” 2- “If the Conservatives secure victory but with no material improvement in their majority, there will be GBP-negative risks come this Friday.” 3- “A hung parliament with no party having an absolute majority cannot be ruled out with any degree of confidence. Were it to eventuate, knee-jerk GBP reaction would almost certainly be negative.” GBP/USD is trading circa 1.2905 as of writing. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Daily Look share Read Next AUD/USD recovers as RBA not worried about growth Yohay Elam 6 years The British pound recovered and topped 1.29 after some opinion polls showed a higher chance for an absolute majority for the Conservatives. What is the trade? Here is their view, courtesy of eFXnews: NAB FX Strategy Research outlines 3 main scenarios for the UK elections on Thursday and the potential GBP direction for each of them. 1- "A Conservative victory with an increased majority would now see at least a modest relief rally for GBP." 2- "If the Conservatives secure victory but with no material improvement in their majority, there will be GBP-negative risks come this Friday." 3- "A hung… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
