GBP/USD: recovery runs in the Sand

FXStreet — The currency pair GBP/USD has its losses from the morning, in the afternoon to be further expanded. The currency pair dropped to a new session low at around 1,2930. A rate of recovery of remained to date. Blame it on a broadly rising US Dollar. The currency pair is listed last on 1,2938 and to 0.32 percent in the Minus.

The main focus of investors will return finally to the US Central Bank, the Fed, after the runoff had resulted in yesterday’s French presidential elections to the of the markets the expected result. So the Pro-Europeans Emmanuel Macron law is defeated, significantly, the right populist Marine Le Pen. Now beat the delay effects from the recent sharp jump in interest increase expectations and the positive job growth in the United States result, the US Dollar Index . The Index climbed back recently, on the 99-point mark, closing up 0.6 percent in the Plus.

A victory for the British Prime Minister, Theresa May apply to the financial markets in 08. June scheduled new elections in the UK as a foregone conclusion. According to the latest survey by the Guardian revealed that the Conservatives 22 points ahead of the Labour party.

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Technical Outlook

The next Resistances are at 1.2964 (High 28. April), 1,300 (psychological mark) and 1,3055 (High 28. September). Supports are at 1.2900 (psychological level), 1,2840 (Deep 27. April) and of 1.2760 (Deep 21. To find April).

** FXStreet News Editorial, FXStreet**

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