Trading signals



UK politics headlines sent the pound downwards. The recent polls showed that Labour party narrowed the gap with the Conservatives.


The main scenario is a decline to 1.2760.

An alternative scenario assumes a growth to the 1.2940 area. 


Trading recommendations


Sell the pound towards 1.2760 if the rate overcomes 1.2820 handle. 

If the Cable returns above 1.2850, the tone would favor further gains towards 1.2940.


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