With all of the trade war talks, there is something we must not forget – there are going to be general elections in the UK fairly soon, and as we all know, that means that we are going to see turbulence for GBP once again. Although we did have a possibility to have a break and take a rest from all of the Brexit shakes, it is going to be nice to see GBP/USD coming back into the spotlight after several weeks of relatively calm performance.
Right now traders are very hard on GBP – is it worth the risk buying it, or should we leave it until the whole elections business is behind us? In any case, there are things that we need to think about. That explains the volatility that can be seen in couple’s performance today. After all, this week marks the beginning of the election campaign and it seems that Conservative party has already taken a lead – having some certainty in the very beginning can mean either a great deal of support for the couple in the nearest future, or having to go through the lead change and see even more volatility.
In any case, GBP/USD trading is going to be very spicy this week, so you better watch out for the couple with our trading signals.