GBP

So you are doing Forex CFD, not the physical currency.

You think the GBP/USD rise post-election due to Tory win?
Are you a Tory?

 

Not a Tory, more like a realist, I don't see Labour winning - the only actual opposition.

I believe Tory winning will just contribute to further strengthening of GBP. I'm not calling for trend reversal, my target is based on just a bounce within the bear phase.

 

My forecast:

Conservatives 358
Labour 212
Lib Dems 12
SNP 46

Majority of 66 seats.

 

Here's the fireworx.

 

And we have another hung parliament folks.

 

#bullflag

 

BoE is set before the hard choice - keep QE and withstand rising inflation pressures or start hiking the rate curbing inflation but hampering economic growth. I think they will soon start to remove accommodation and its time to bet long on the currency

 

QE is here to stay IMHO. No idea regarding IR.

 

Price breakout.

 

I think the pair may retrace back to 1.2850. I have opened a short position.