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 holds lower ground near 1.1850 ahead of EU/ US data

EUR/USD remains in the negative territory for the fourth successive session, trading around 1.1850 in European trading on Friday. A broadly cautious market environment paired with modest US Dollar demand undermines the pair ahead of the Eurozone GDP second estimate and the critical US CPI data.

GBP/USD keeps losses around 1.3600, awaits US CPI for fresh impetus

GBP/USD holds moderate losses at around 1.3600 in the European session on Friday, though it lacks bearish conviction. The US Dollar remains supported amid softer risk tone and ahead of the US consumer inflation figures due later in the NA session on Friday.

Gold trims intraday gains to $5,000 as US inflation data loom

Gold retreats from the vicinity of the $5,000 psychological mark, though sticks to its modest intraday gains heading into the European session. Traders now look forward to the release of the US consumer inflation figures for more cues about the Fed policy path. The outlook will play a key role in influencing the near-term US Dollar price dynamics and provide some meaningful impetus to the non-yielding bullion.

US CPI data set to show modest inflation cooling as markets price in a more hawkish Fed

The US Bureau of Labor Statistics will publish January’s Consumer Price Index data on Friday, delayed by the brief and partial United States government shutdown. The report is expected to show that inflationary pressures eased modestly but also remained above the Federal Reserve’s 2% target.

A tale of two labour markets: Headline strength masks underlying weakness

Undoubtedly, yesterday’s delayed US January jobs report delivered a strong headline – one that surpassed most estimates. However, optimism quickly faded amid sobering benchmark revisions.

Solana Price Forecast: Mixed market sentiment caps recovery

Solana (SOL) is trading at $79 as of Friday, following a correction of over 9% so far this week. On-chain and derivatives data indicates mixed sentiment among traders, further limiting the chances of a price recovery.