A very important day for the British pound – General Elections where the future of the country is going to be decided by the people. There are two main parties each of which can win the elections and shape the future of the UK. Boris Johnsons Party – the Conservative Party and their opponents Labor party. If the first ones win, Brexit is going to go through with any scenario. If the former win, the second referendum is likely to happen and UK might just stay in the EU. And, of course, the future of GBP/USD couple is hanging by the thread here.
In case of Johnson pushing through his agenda, GBP is not going to do so well. It is common knowledge that pound trades are not big fans of the divorce and each movement towards Brexit tends to make GBP fall from the pedestal. In case of the second referendum we are going to be faced with some turbulence, but ultimately we are going to see the of all of our problems be resolved.
For the last 2 day GBP went to the highest point since March 2 times.
Today history will be made. And we can be a part of it by supporting GBP during this hard time. And trading signals are going to be of best help for us here.