Wager on GBPUSD

Bought GBPUSD 1.4780, stop 1.3000

$30 a pip

 

> Bought GBPUSD 1.4780, stop 1.3000

You're OK with losing 12% unlevered?

 

Gotta be done, I want stop to be way outside the noise field.

Let's be honest every investment move comes with risk, why increase it?

 

i'm short and staying short cause the trend is DOWN. Also, we have a very uncertain general election here in a few weeks time...just a heads up.

 

what's the local scuttlebutt on the elections affect on the Great British Pound?

 

IMHO has no relevance to direction of GBP.

 

what does affect direction of GBP?

 

Same as other currencies. Positive trade balance, interest rates, etc. It will be again between Cons and Labour, what's new?

 

Are you going to hold onto this trade for 6months plus ?

I think the election will be pretty much priced in by the time it happens and labour don't have a shit show

 

Although wedges point closeness to some sort of resolution 6 months is a definite possibility.

Markets always try and price in an outcome, I sense Cons having another term is likely.