Nov02
Economic Recovery Losing Track
The last couple of days has seen GBP/USD reach above the 1.60 mark and is showing no sign of a let up. As discussed briefly in my post yesterday, there is an argument that everybody is expecting the Democrats to lose seats today and which case this may be priced in to the market. This stems from online opinion poles that showed up to 90% of Americans believe the Republicans will regain seats, so with solidarity as high as this, Dollar strength might be on the cards. In my opinion anything out of the ordinary will be turbulent for the cable, keep your eyes firmly locked on the market if you do have a requirement please give me your details and I will contact you.
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