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Abstract:UK PM Johnson May Call Snap Election, GBP/USD Slammed
Source: Press Association.
GBP/USD Heading for 1.2000
Given the political uncertainty, any GBP/USD upticks have presented opportunities to fade. At the same time with MPs returning to parliament from September 3rd, implied volatility in the Pound is continuing to pick up with both the 2 and 3-month tenors hitting the highest level since December 2018.
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A week of consolidation Ahead amid renewed USD strength
GBP/USD Technical Analysis - the pair has bounced back after making a new low for the year. The Pound has seen increased volatility as it looks to hold ground. Will Sterling continue to be undermined and make fresh lows again?
The start of November has been a dwindling moment for the general major currency market. As essential economic updates flood the surface of the entire foreign exchange market, in which most of the currency pairs especially the major pairs were greatly affected by the impact of the economic releases. However, the US dollar was discovered to have held the main currency exchange performance metrics as the central economic updates from the US region tend to have determined the significant changes that have occurred in the major currency market so far.
GBP/USD Volatility Drops Sharply, USD/JPY Rises on BoJ Sources - US Market Open