The UK election results are now flowing quite rapidly, with declarations of seats mostly confirming the exit polls, that showed a hung parliament. The shock sent the pound down, but it has since recovered. The actual results show an outperformance for Labour. Corbyn could become PM, or at least May could leave Downing Street. Will it necessarily kill the pound? A lot depends on the government, especially if the pro-Remain LibDems are inside. If so, this is one of our 3 reasons for a buying opportunity on GBP/USD. Key points It is clear that May’s gamble backfired. The Conservative Party is not heading to an absolute majority nor a landslide victory. The initial reaction was pound negative: a drop of over 250 pips. However, a coalition or a minority government could need pro-Remain forces such as the LibDems or the SNP. The UK will still leave the EU, but Brexit could be softer GBP/USD could rise from here. And not only election results are flowing, but also trading volume. Here is a live blog The live blog takes a brak for now. UK elections real results live blog 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 Forex News Today: Daily Trading News share Read Next GBP/USD shocked lower but respecting ranges – levels Yohay Elam 6 years The UK election results are now flowing quite rapidly, with declarations of seats mostly confirming the exit polls, that showed a hung parliament. The shock sent the pound down, but it has since recovered. The actual results show an outperformance for Labour. Corbyn could become PM, or at least May could leave Downing Street. Will it necessarily kill the pound? A lot depends on the government, especially if the pro-Remain LibDems are inside. If so, this is one of our 3 reasons for a buying opportunity on GBP/USD. Key points It is clear that May's gamble backfired. The Conservative Party… 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.
