{"id":151912,"date":"2019-07-22T10:30:49","date_gmt":"2019-07-22T14:30:49","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151912"},"modified":"2019-07-22T07:09:55","modified_gmt":"2019-07-22T11:09:55","slug":"gbpusd-analysis-getting-ready-for-parliamentary-elections-in-the-uk","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/gbpusd-analysis-getting-ready-for-parliamentary-elections-in-the-uk\/","title":{"rendered":"GBPUSD Analysis: Getting ready for parliamentary elections in the UK"},"content":{"rendered":"
July 22, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Getting ready for parliamentary elections in the UK<\/strong><\/p>\n

July 22, 2019 in the UK, members of the ruling Conservative Party will vote.Will the British pound quotations<\/a> grow up?<\/p><\/blockquote>\n

According to the results of the voting, not only the head of the British Conservative Party will be elected, but also the head of parliament and the successor of Theresa May as prime minister of Great Britain. The main contender for this post is Boris Johnson. US President Donald Trump has stated that he supports his candidacy and will work with him. Trump also thanked Johnson for his efforts in quickly organizing Brexit. Recalling that the exit of the UK from the EU should be held October 31, 2019. US support may help strengthen the British currency. Another positive factor for the pound was an unexpected increase in retail sales in the UK in June by 1% compared with May, which is noticeably more than preliminary forecasts. Now economists can reconsider the possible growth of GDP in the 2nd and 3rd quarters upwards.<\/p>\n

\"GBPUSD\"<\/p>\n

On the daily timeframe GBPUSD: D1<\/b> adjusted up from a 15-month low. Various technical analysis indicators have generated uptrend signals. Further growth of quotations is possible in case of publication of positive macroeconomic data and positive Brexit.<\/p>\n