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Brexit Briefing: Voters Head to the Polls in UK General Election

Brexit Briefing: Voters Head to the Polls in UK General Election

Martin Essex, MSTA, Analyst

GBP price, UK General Election:

  • Voting has begun in the UK General Election, with the polls due to close at 10pm local time, an exit poll to be published soon after and results expected late Thursday and on Friday
  • GBP/USD is firmer while EUR/GBP is steady.

GBP/USD and FTSE 100 firm as UK heads to the polls

Voting has begun in the UK General Election and will end at 2200 GMT, with an exit poll soon after and results due to come in overnight Thursday/Friday. In early European trading, GBP/USD is modestly higher.

GBP/USD Price Chart, 10-Minute Timeframe (December 11-12, 2019)

Latest GBPUSD price chart.

Chart by IG (You can click on it for a larger image)

Listen in to our UK General Election special webinar, hosted by DailyFX analyst Justin McQueen, at 0430 GMT Friday. You can sign up here

Meanwhile, EUR/GBP is broadly stable ahead of the election results, which are announced seat by seat as the night progresses.

EUR/GBP Price Chart, 10-Minute Timeframe (December 11-12, 2019)

Latest EURGBP price chart.

Chart by IG (You can click on it for a larger image)

On the London stock market, the FTSE 100 index was up 0.5% at 7,251 in early trading.

GBP/USD BEARISH
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of clients are net long. of clients are net short.
Change in Longs Shorts OI
Daily 1% 0% 1%
Weekly 30% -34% -13%
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--- Written by Martin Essex, Analyst and Editor

Feel free to contact me via the comments section below, via email at martin.essex@ig.com or on Twitter @MartinSEssex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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