lundi 13 avril 2015
Morning View: UK Election Heating Up
Posted on 18:36 by nice news
Chinese data smashed down the Aussie yesterday during Asia, and selling was continued all the way through Europe. USD strength on the back of stronger early Fed rate hike talks drove the other majors down with it, but all found some support later in the night and good buying has been seen recently, especially in GBP/USD.
The UK election campaign has heated up overnight, with markets getting the impression that there could actually be some certainty in government after all. ‘The Tories’ are now polling at the highest levels for 3 years, while current PM David Cameron’s personal approval rating is the highest in 5.
I thought this was interesting when I opened Twitter this morning:
This isn’t normal, and I expect it to be a poll possibly with a bit of shock factor so GBP/USD traders, stay alert.
Finally, if you’re wondering what the news spike across Japanese Yen pairs last night was, Abe adviser Hamada fronted a TV interview and said that the Yen is actually too weak with USD/JPY at 120.000 considering purchasing power parity. He went on to say that 105.000 is actually more appropriate.
The UK election campaign has heated up overnight, with markets getting the impression that there could actually be some certainty in government after all. ‘The Tories’ are now polling at the highest levels for 3 years, while current PM David Cameron’s personal approval rating is the highest in 5.
I thought this was interesting when I opened Twitter this morning:
This isn’t normal, and I expect it to be a poll possibly with a bit of shock factor so GBP/USD traders, stay alert.
Finally, if you’re wondering what the news spike across Japanese Yen pairs last night was, Abe adviser Hamada fronted a TV interview and said that the Yen is actually too weak with USD/JPY at 120.000 considering purchasing power parity. He went on to say that 105.000 is actually more appropriate.
Morning View: UK Election Heating Up
Categories: Morning View: UK Election Heating Up
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