Analysts at Nordea Markes point out the British Pound usually suffers ahead of an election so they consider that long EUR/GBP positions could become interesting. Key Quotes: “We are headed to the ballot boxes in the UK within a month or so at the latest. Early general elections were always ultimately unavoidable in our view, and that was also the case during Theresa Mays reign.” “GBP tends to suffer from an election risk premium, when we enter the final phase ahead of an election. Ahead of the the past two “Brexit-related” elections, the GBP started weakening 10-15 trading days ahead of the actual election.” “While everything seems to be falling apart around Boris Johnson, who says that Boris cannot win a big mandate in the eventual general elections (not us)?” “It could become interesting to enter long EUR/GBP positions again ahead of the elections.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next The SEC’s Chairman Clayton speaks about the Bitcoin ETF FX Street 4 years Analysts at Nordea Markes point out the British Pound usually suffers ahead of an election so they consider that long EUR/GBP positions could become interesting. Key Quotes: "We are headed to the ballot boxes in the UK within a month or so at the latest. Early general elections were always ultimately unavoidable in our view, and that was also the case during Theresa Mays reign." "GBP tends to suffer from an election risk premium, when we enter the final phase ahead of an election. Ahead of the the past two "Brexit-related" elections, the GBP started weakening 10-15 trading… 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.
