20 Jan 2015
A hung parliament to weigh on the the pound?- Westpac
FXStreet (Guatemala) - Analysts at Westpac Banking Corporation ABN explained that GBP/USD has been showing more backbone of late ahead of 1.50.
Key Quotes:
"Some may deem it a European "safe haven" of sorts amid ECB sovereign QE and elevated CHF uncertainty following the SNB's decision to abandon the EUR/CHF peg".
"However the May 2015 UK general election should at some point be a major drag with polls warning of another hung parliament. We leave an order to sell GBP/USD at 1.5480 with a stop at 1.5640."
Key Quotes:
"Some may deem it a European "safe haven" of sorts amid ECB sovereign QE and elevated CHF uncertainty following the SNB's decision to abandon the EUR/CHF peg".
"However the May 2015 UK general election should at some point be a major drag with polls warning of another hung parliament. We leave an order to sell GBP/USD at 1.5480 with a stop at 1.5640."