GBP/USD rally will continue if the UK domestic data improve and the capital inflow into the UK markets increases
The resounding victory of the Conservatives in the UK general election sent the pound to $1.35. However, it didn’t stay long at the level. Closing of pound speculative positions and the talks that Boris Johnson will attempt to write into law that the transition period won’t be extended after December 31, 2020, sent the GBP/USD down. This is the scenario I described in the previous GBPUSD analytics.
The UK Prime Minister seems to like cornering himself. Some time ago, Boris Johnson promised that the...
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