Partner Center Find a Broker

No data? No problem! Pound traders have been watching pre-election polls pretty closely lately to gauge how the actual results might turn out for Brexit.

Brexit-related events

  • Opinion polls consistently show that Conservatives lead over Labour
  • Whether or not Tories are likely to secure majority is the question
  • Stronger odds of a majority suggest that a “no deal” exit could be avoided
  • PM Johnson previously stated that Conservative candidates will back his Brexit plan

Technical Snapshot

GBP Pairs Trend Strength from MarketMilk
GBP Pairs Trend Strength from MarketMilk
  • However, Williams %R is indicating that GBP/NZD is the only pair that’s oversold at the moment while GBP/CHF is approaching overbought territory
GBP Pairs Williams %R from MarketMilk
GBP Pairs Williams %R from MarketMilk

Missed last week’s price action? Check out the GBP Weekly Review for Nov. 18 – 22