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Simon_says
20 Nis 2017 09:35

GBPUSD - snap elections predicted 

British Pound/U.S. DollarFXCM

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Published that plot 18 days ago:


Snap elections will be organised on June 8th, please remember this date as it may be historical day for GBP.

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GBP moved up as expected however, soon will lose it's momentum.
Next week 3rd of May, UK holds snap elections.
I predict conservative party to win which will finally trigger Brexit negotiations.
Last time British people voted to leave EU, price of GBP moved down while gold moved up. I expect exactly the same to happen.

I would short GBP/USD or GBP/EUR and go long gold.

Moreover, 2nd round of French elections will be held in just few days after British elections. I predict E.Marcon to win that in turn will strengthen EU, EUR will move up pushing British currency to new lows.

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