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.
UK exit polls are shocking by showing no absolute majority for the Conservatives in an election that was supposed to be a landslide. While polls narrowed towards the vote, they still showed a healthy lead for PM Theresa May. GBP/USD is crashing nearly 2% to the 1.27 handle. However, this may be a buying opportunity. Here are three [...]
The post Buy opportunity on GBP/USD? 3 reasons appeared first on Forex Crunch.
