- As we wait to hear who will replace John Bercow as the house speaker GBP moves lower.
- Lindsay Hoyle leads after first Speaker ballot and Dame Eleanor Laing is in second place.
GBP/USD is been trending lower throughout the session as the dollar has been grinding higher.
On the thirty-minute chart below, it seems that price has bounced off the 1.29 level but it still looks vulnerable.
Later in the session, we would see some more volatility as the ECB's new President Lagarde is speaking.
On the daily chart, GBP/USD is at relatively high levels and it seems that breaking 1.30 was too much of a push.
Now over the longer term, we will we waiting to hear more about the UK general election which is on December 12th.
On the polls, the Conservatives are in the lead with Labour second and Lib Dems holding the third spot.
|Today last price||1.2908|
|Today Daily Change||-0.0028|
|Today Daily Change %||-0.22|
|Today daily open||1.2936|
|Previous Daily High||1.2973|
|Previous Daily Low||1.2926|
|Previous Weekly High||1.2976|
|Previous Weekly Low||1.2804|
|Previous Monthly High||1.3013|
|Previous Monthly Low||1.2194|
|Daily Fibonacci 38.2%||1.2944|
|Daily Fibonacci 61.8%||1.2955|
|Daily Pivot Point S1||1.2917|
|Daily Pivot Point S2||1.2898|
|Daily Pivot Point S3||1.287|
|Daily Pivot Point R1||1.2964|
|Daily Pivot Point R2||1.2992|
|Daily Pivot Point R3||1.3011|
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