Back
6 May 2015
Expect high volatility in GBP/USD and crosses – Blueprint Capital
FXStreet (Barcelona) - Expecting UK political uncertainty to continue post the elections as parties try to make deals to form a coalition government, the Blueprint Capital FX Team, notes that volatility in GBP/USD and crosses might remain high.
Key Quotes
“The UK Election campaign is into its last leg with the final day of campaigning before the British public go to the polls tomorrow.”
“Politicians, as they have for weeks, are preparing for a hung parliament and the deal making that is to come. Ed Miliband may be looking a likelier contender according to the most recent polls, but neither he or David Cameron are expected to win a majority.”
“The conservatives will look to those working in the City to provide a strong basis of votes, especially as growth has been the fastest in the UK compared with its G7 counterparts in order to pullback some of the ‘closet’ Tory supporters who may have swayed towards UKIP.”
“Therefore, expect volatility in cable and sterling crosses to remain high over the coming weeks as deals have to be made between parties to form a coalition government.”
Key Quotes
“The UK Election campaign is into its last leg with the final day of campaigning before the British public go to the polls tomorrow.”
“Politicians, as they have for weeks, are preparing for a hung parliament and the deal making that is to come. Ed Miliband may be looking a likelier contender according to the most recent polls, but neither he or David Cameron are expected to win a majority.”
“The conservatives will look to those working in the City to provide a strong basis of votes, especially as growth has been the fastest in the UK compared with its G7 counterparts in order to pullback some of the ‘closet’ Tory supporters who may have swayed towards UKIP.”
“Therefore, expect volatility in cable and sterling crosses to remain high over the coming weeks as deals have to be made between parties to form a coalition government.”