UK election poll: Conservatives lead over Labor widens to 12 points – Kantar

Haresh Menghani FXStreet

According to the latest UK election opinion polls, conducted by Kantar, support for Prime Minister Boris Johnson’s Conservatives rose 1 point to 44% and held steady at 32% for the Labour Party. The gap has now widened to 12 points as compared to 11 in the previous week and provided a modest lift to the British pound.

GBP/USD edges up

Meanwhile, the GBP/USD pair finally broke out of its Asian session consolidation phase and jumped to over two-week tops, further beyond mid-1.2900s, possibly confirming a near-term bullish break through a two-month-old descending trend-channel.

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Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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US JOLTs report in focus

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The rate did not move. Neither did the statement, and that’s the more interesting fact. Set the July 29 Federal Open Market Committee (FOMC) statement beside the one issued on June 17, and the two documents are identical apart from a single verb and a paragraph at the bottom naming three dissenters.