GBP/USD now trades at 1.2660, making a decisive fall to the downside. Further support awaits at 1.2615, followed by 1.2540. The low so far has been 1.2635, and it is not necessarily over. Exit polls pointed to a hung parliament and the real results gradually confirmed them. After 645 out of 650 of the seats [...]
The post GBP/USD extends losses on the most hung of hung parliament appeared first on Forex Crunch.
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 [...]
The post UK elections results live blog – GBP/USD collapses appeared first on Forex Crunch.
According to some reports, security has been ramped up around Labour leader Jeremy Corbyn, signaling he may become more important than the battered leader of the opposition. Yet this anecdote is not totally out of sync with reality. After exit polls showed a hung parliament, the initial real results are looking good for the left-wing opposition. [...]
The post PM Jeremy Corbyn? Labour is looking lively appeared first on Forex Crunch.
