Orbex

ORBEX: GBPUSD,EURUSD: Brexit Party Won't Contest Conservatives!

FX:EURUSD   Euro / U.S. Dollar
In today’s #marketinsights video recording, I talk about #GBPUSD and #EURUSD #FXMajors

#Pound surged higher yesterday following headlines that Nigel Farage, Brexit Party's leader, will not contest Conservative seats ahead of the Dec 12 elections! On the economic front, the UK was marginally away from a recession, the latest GDP figures showed. With #employment data on the spotlight, #cable is the intraday pair that traders could find opportunities on.

#EURUSD was somewhat supported by a weaker #dollar. The #greenback was seen falling on #Trump's rollback comments, as he denied having agreed on a tariff rollback with China. German #ZEW data will provide clues on #euro's direction.

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice.

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