Wij gebruiken een aantal cookies om u de best mogelijke browser ervaring te bieden. Door deze website te blijven gebruiken, gaat u akkoord met ons gebruik van cookies. U kunt hier meer leren over ons cookie-beleid of door op de link te klikken onderaan iedere pagina van onze website.
With the uncertainty of the election somewhat removed, the sterling rallied in most crosses with cable heading back to late-April highs. GBP/USD has surged as exit polls suggest a Conservative/Liberal Democrat coalition is headed for victory. With the Conservatives appearing to have gained ground and unexpectedly winning more seats, this seems like it is the market-friendly result.
GBP/USD was trading at around $1.5200 and has now surged to around $1.5470. At the end of April cable traded to a high just a fraction shy of $1.5500 and it seems we could be set to knock through that barrier given the momentum we are currently seeing.
There is a nice uptrend from April lows and the pair is also looking to break a downtrend from the highs of last July. I feel this move could take the pair to $1.5600 in the near term, which was a consolidation zone through November and December last year.