GBP/USD falls as comments from SNP's Sturgeon inspires more losses

Nicola Sturgeon says she would form an alliance to block the Conservatives.
GBP/USD falls to fresh session lows to 1.2793 on the back of the comments

Rajan Dhall, MSTA FX Daily

GBP/USD backdrop

GBP/USD has taken a dive this morning after some USD strength. At time of writing, The pair dropped and retested its one-week low of 1.2794 before bouncing back. it was trading just above the 1.2800 mark, posting a 0.17% daily loss.

Political News

Now the moves are accelerating after the comments from the Scottish National Party leader.

SNP's Sturgeon if there is a hung parliament, would seek to form a progressive alliance to block the Conservative party from Government.

She also said that if the SNP win a majority in Scotland what is to stop the SNP from calling another Scottish referendum.

GBP/USD 30-Minute Chart

Author

Rajan Dhall, MSTA

FX Daily

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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