Uk Election Effect On Gbp

Gbp and uk election.

Uk election effect on gbp. In recent weeks labour has made noticeable gains to the previously uncontested tory lead in this election. Uk election season kicks off as lawmakers start to campaign learn how to use politicalrisk analysis in your trading strategy. Gbp price action after the election will be asymmetric.

The election will take place on december 12 bank of america merrill lynch global research discusses gbp outlook ahead of next month s uk elections. The value of the pound has surged to its highest level since may 2018 following the results of the uk general election but how does the exchange rate affect you. And bank of england boe monetary policy decisions will ultimately determine the gbp s value in a post brexit europe.

Strengthening may s position and giving her a mandate as prime minister of the united kingdom. Unlike the dollar market less speculation has appeared to take place in the eur gbp pair around the time of elections. Following a strong 2017 where the gbp gained 9 5 against the usd and 4 3 against the euro investors were reassured of the pound s global standing.

The pound is now worth almost. With new covid 19 cases resurging in the united kingdom the prime minister has announced a 4 week nationwide lockdown affecting the gbp usd. Of course economic growth in the u k.

When theresa may called the snap election in april markets were confident the result would be a significant tory majority. The pound weakened by 5 before the election and gained back 7 5 in the following months. The british pound may edge lower if the bank of england rate decision.

Gbp outlook ahead of next month s uk elections. The pattern also held in cameron s re election in 2015 with the pound gaining 1 against the dollar. Gbp british pound.