Weekend polls confirm May's Conservatives lead narrowing

Ivan Delgado Independent Analyst

Over the weekend, varies polls on the upcoming UK general election were published, with the main take-away being that May's Conservative party lead is narrower than previously thought.

According to a weekend poll by ORB, Conservatives stand at 44 vs Labour 38, which is much tighter than a 12 point lead in the same poll a week before. The poll was conducted on May 24 and 25.

Meanwhile, the latest ICM poll, for The Sun newspaper, has May's Conservatives 14 points ahead. Conservatives 46% vs 47% prior week, with Labour at 32% vs 33% previous week.

As per You Gov/The Times, Conservatives stand at 43 vs Labour 36, conducted on May 25 and 26.

Opinium polling has May 10 points ahead of Corbyn vs +13 a week before.

Another poll by Com Res shows May with a 12 lead vs 18 lead the prior week.

Author

Ivan Delgado

Independent Analyst

Established in the Asian continent since 2009, Ivan studied a degree in Business at the University Pompeu Fabra (Barcelona), while also earning a postgraduate degree in Business Administration.

EUR/USD tests nine-day EMA support near 1.1850

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1870 during the Asian hours on Friday. The 14-day Relative Strength Index momentum indicator at 56 stays above the midline, confirming steady momentum. RSI has eased but remains above 50, indicating momentum remains constructive for the bulls.

GBP/USD consolidates around 1.3600 vs. USD; looks to US CPI for fresh impetus

The GBP/USD pair remains on the defensive through the Asian session on Friday, though it lacks bearish conviction and holds above the 1.3600 mark as traders await the release of the US consumer inflation figures before placing directional bets.

Gold recovers swiftly from weekly low, climbs back closer to $5,000 ahead of US CPI

Gold regains positive traction during the Asian session on Friday and recovers a part of the previous day's heavy losses to the $4,878-4,877 region, or the weekly low. The commodity has now moved back closer to the $5,000 psychological mark as traders keenly await the release of the US consumer inflation figures for more cues about the Federal Reserve's policy path.