GBP: Scenarios For UK Election & Directions For GBP – Credit Suisse

Credit Suisse FX Strategy Research outlines the key scenarios for the UK elections on Thursday and the potential GBP direction for each of them.

1- “If the Conservatives win with a comfortable majority of 50 seats or more, there is scope for GBP to pop higher on the result and we would look to sell GBP on such a pop, given our longer-term concerns over Brexit talks and the future for the UK economy.

2– Meanwhile, a frustratingly tight win for the Conservatives, or results worse than that, would likely see GBP gap lower. But as some market participants believe this “bad outcome” actually raises the odds of a “soft Brexit”, we assume a bid would emerge that steadies GBP after its initial gap lower,” CS argues. 

Source: Credit Suisse Global Fixed Income Research

The article is published by one of the foremost sources of Forex trading information. Link to the original article above.

from eFXNews http://feedproxy.google.com/~r/Efxnews/~3/yo9U-b6iNIU/gbp-scenarios-uk-election-directions-gbp-credit-suisse

from Online Forex Trading Resource
View thesource article here

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s