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Breaking News: British Pound Dumped, Gold, Bitcoin Rise as Torys Fall Short of Majority

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Breaking News: British Pound Dumped, Gold, Bitcoin Rise as Torys Fall Short of Majority

Introduction

This article was posted on Thursday, 23:09, UTC.

According to the first exit polls, we are in for another shocking election result in the UK, as the ruling conservative party is on track to lose it’s majority; as a consequence of an election that was called by none other than PM Theresa May to strengthen the power of the government. While the polls have been tightening progressively, as we noted in our pre-election analysis, the results, should the exit polls turn out to be correct, is a huge surprise that might cause a major sell-off in British assets, while boosting safe-haven assets. Market Reaction GBP/USD, 4-Hour Analysis The Pound…

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Mate Cser

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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