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Thursday the 12th of December is the due date for this week’s UK General Election.
Despite monetary policy meetings from both the ECB and FED, the main highlight for the week will be the General Election.
The current consensus in the markets are for the Conservative Party to take a majority victory, which has been one of the reasons for last week’s rally in the Pound.
However, if history taught us anything it’s that we shouldn’t put too much trust in the polls. Both the 2017 election as well as the 2016 Brexit Referendum saw the actual results deviate substantially from the polls.
There are a couple of scenarios which can play out from this week’s election, and also a couple of different ways we could look to trade the Pound.
This week ahead video will help you prepare for this upcoming events and provide insights into how you could possibly trade it as well.
Highlights of the video:
01:05 – Baseline context for the GBP
02:07 – Baseline expectations for the upcoming risk event
03:57 – Possible sentiment shifts
08:33 – Possible currency pairs to consider