By its own recent lofty standards it’s been a fairly quiet day for the pound, but we could be set for some volatility this evening with MPs set to vote on Boris Johnson’s call for an election on December 12. Given that a ⅔ majority is required it is unlikely that this will pass, but also keep an eye on the plan from the Lib Dems and the SNP for a December 9 election which has a better chance of passing as it would only need a simple majority.
A debate on this is scheduled to get underway around 17:30 GMT, with a vote taking place sometime after 19:00 GMT.
GBPUSD is back in the H1 cloud ahead of this evening’s votes. Possible support seen around 1.2790. Source: xStation
NFP preview
Daily summary: Weak US data drags markets down, precious metals under pressure again!
BREAKING: US RETAIL SALES BELOW EXPECTATIONS
Politics batter the UK bond market once more, as Starmer remains under pressure
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
