Wednesday, April 19, 2017

An ad-hoc announcement, a proclamation of a snap-election on 8 Jun as well as a poll that reveals a





Global Markets Daily
by Saktiandi Supaat


FX Research





An ad-hoc announcement, a proclamation of a snap-election on 8 Jun as well as a poll that reveals a lead in the popularity of the UK conservative party led the GBPUSD a few big figures higher from sub-1.25 to atop of 1.29 at one point. Price action was perhaps also underpinned by higher growth forecast of 2% projected by IMF for this year. The timing is favourable for May as UK has been benefitting from a recovery in external trade.

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