Pound May Benefit from Labour Victory. Forecast as of 04.07.2024

The reaction of currencies to the elections is as different as day and night. While the overwhelming majority in Mexico and France is seen as a negative for the peso and the euro, the opposite is true in the US and the UK. Let's delve into this topic and make a trading plan for GBPUSD.Highlights and key points The Labour Party will win the national election by a large margin The Labour's policies are positive for the pound Deteriorating statistics puts pressure on the US dollar The pound ma