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27 Mar 2015
Election uncertainty depressing the Pound – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team, notes that upcoming UK election uncertainty has halted the sterling strength against the euro, even after the robust economic conditions and jobs data.
Key Quotes
“Market focus today
USD Gross Domestic Product”
“Expect high volatility in
Every USD pair
USDCAD after the rise in oil price caused by the bombs in Yemen”
“Sterling, bolstered by a robust UK economy and strong jobs data, has been very popular, particularly against the euro for much of the past three months.”
“Of late, however, the music has stopped, the lights flashed on, prompting a stumble in the broad value of sterling. The go-to explanation is the upcoming UK election, but as campaigning begins in earnest on Thursday night, with a TV grilling of David Cameron and Ed Miliband, interest rate expectations are also exerting an influence.”
Key Quotes
“Market focus today
USD Gross Domestic Product”
“Expect high volatility in
Every USD pair
USDCAD after the rise in oil price caused by the bombs in Yemen”
“Sterling, bolstered by a robust UK economy and strong jobs data, has been very popular, particularly against the euro for much of the past three months.”
“Of late, however, the music has stopped, the lights flashed on, prompting a stumble in the broad value of sterling. The go-to explanation is the upcoming UK election, but as campaigning begins in earnest on Thursday night, with a TV grilling of David Cameron and Ed Miliband, interest rate expectations are also exerting an influence.”