What a finish to the trading day on Thursday!
The GBPUSD has literally skyrocketed after the exit poll showed Tories gaining as much as 368 seats, way above the minimum (326) for the majority – a win that will pave the way for a decisive Brexit. Labour got decimated at 191 and other parties obviously got even lower results. It’s just an exit poll and these results can change but it’s highly unlikely that Tories could let this majority slip away.
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GBPUSD looks like a repeating earlier impulse with a target above 1.36. Source: xStation5
Meanwhile global stocks were buoyed by Trump tweet on trade deal earlier today and indeed the president signed off the deal. It reportedly scraps December tariffs along with reducing all the other tariffs by half in exchange for large amounts of agricultural purchases and pledge to respect intellectual property right by China. It looks like a deal that the US could withdraw from at will but Trump might not want to do it during the election.
US500 is at the fresh all time high today. Source: xStation5
