Monday 16th December: Weekly Technical Outlook and Review.

GBP/USD bulls tightened their grip in recent sessions, strengthened on the back of Thursday’s UK General Election, culminating in a clear win for the Conservative Party.

Potentially Hazardous Market Conditions Ahead of UK Elections

Dear Trader,

The polls have closed and election night is upon us. There are 650 seats in the House of Commons up for grabs, meaning the winning party needs 326 to claim a majority.