The British pound is moving on every opinion poll related to the elections. What’s next? Here is their view, courtesy of eFXnews: Credit Agricole CIB FX Strategy Research expects the Conservatives to extend their parliamentary majority as a result of the 8 June election, strengthening PM May’s position ahead of the Brexit negotiations. “Median polls since the election was called have pointed to gains in excess of 70-80 seats. Confirmation of that could help GBP revisit its recent highs against both USD and EUR,” CACIB argues. However, in the very near-term, CACIB remains cautious in its short-term GBP outlook, citing a non-negligible risk that the Conservatives may fail to meaningfully extend their majority. Beyond the UK elections, CACIB expects the UK economic outlook to deteriorate from here, keeping the BoE’s easing stance firmly in place, and continuing to weigh on GBP,’ CACIB argues. GBP/USD is trading circa 1.2880 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 Opinions share Read Next Eyeing earnings in the NFP – Video Preview Yohay Elam 6 years The British pound is moving on every opinion poll related to the elections. What's next? Here is their view, courtesy of eFXnews: Credit Agricole CIB FX Strategy Research expects the Conservatives to extend their parliamentary majority as a result of the 8 June election, strengthening PM May's position ahead of the Brexit negotiations. "Median polls since the election was called have pointed to gains in excess of 70-80 seats. Confirmation of that could help GBP revisit its recent highs against both USD and EUR," CACIB argues. However, in the very near-term, CACIB remains cautious in its short-term GBP outlook, citing… 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.
