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5 May 2015
Political uncertainty boosts volatility in GBP/USD – Blueprint Capital
FXStreet (Barcelona) - The Blueprint Capital FX Team views that the increase in GBP/USD volatility levels indicate that traders remain wary of further uncertainty in FX space due to the UK election risks.
Key Quotes
“One-week volatility levels in cable are at their highest levels since the last UK election in May 2010. The move suggests traders think an indecisive poll on Thursday will trigger further uncertainty in foreign exchange markets with no majority government being elected.”
“David Cameron and Nick Clegg are putting together contingencies for forming another Conservative/Liberal Democrat coalition in the event that the Tories win a small majority.”
Key Quotes
“One-week volatility levels in cable are at their highest levels since the last UK election in May 2010. The move suggests traders think an indecisive poll on Thursday will trigger further uncertainty in foreign exchange markets with no majority government being elected.”
“David Cameron and Nick Clegg are putting together contingencies for forming another Conservative/Liberal Democrat coalition in the event that the Tories win a small majority.”