GBPUSD Before and After the UK General Election

It is a bad day for Theresa May and GBPUSD bulls The first exit polls of Britain’s General Election show that despite their win, the Tories are losing their majority in the UK parliament. This is thought to be the worst possible outcome, because Theresa May will either have to form a minority government or resign.…

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Theresa May Only Did the Bulls’ Dirty Work

It has been a wild ride for GBPUSD this week. The pair initially opened with a huge gap to the downside, following Theresa May’s “Hard Brexit” comments, but then reversed to the north to climb from as low as 1.1987 on Monday to as high as 1.2414 on Tuesday. It turned out that those, who…

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