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CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 70% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

EUR/GBP, GBP/USD and EUR/USD little changed following Labour landslide

​​​​EUR/GBP, GBP/USD and EUR/USD are slightly bid following the ousting of the UK Conservative party by Labour.

EUR/USD Source: Adobe Images

​​​EUR/USD continues to rise

EUR/USD is gunning for the $1.0852 mid-June high with the 200-day simple moving average (SMA) at $1.0795 acting as potential support.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

​EUR/GBP recovers

EUR/GBP is drawn back to the key £0.8484 to £0.8503 resistance zone, a break through which would target the 55-day SMA at £0.8515.

​Potential slips may found support along the support line at £0.8446 and at Wednesday's £0.8459 low ahead of the late June lows at £0.8431-30.

EUR/GBP chart Source: TradingView.com
EUR/GBP chart Source: TradingView.com

​GBP/USD rises further still

GBP/USD's rally from Tuesday's $1.2616 low has the May high at $1.2801 in its sights.

​Minor support below the 19 June high at $1.274 lies at the 1 July $1.271 high.​​

GBP/USD chart Source: TradingView.com
GBP/USD chart Source: TradingView.com

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