Home Breaking: GBP/USD jumps over 1.29 as Brexit Party abandons 43 seats

Breaking: GBP/USD jumps over 1.29 as Brexit Party abandons 43 seats

Updated: 15 Nov. 2019 | 15:37

Nigel Farage’s Brexit Party has decided to step down from 43 additional constituencies, facilitating the way for a Conservative majority. Markets prefer an outright majority.

GBP/USD has jumped above 1.29, the highest since early November. On its way up, sterling has broken above the downtrend resistance line that has accompanied it since late October.

More to come

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