TRby u/tran62·1dAnalysis

GBP/USD nearing 0.82 again on US election uncertainty

Watching $GBP/USD closely into year-end. Odds are tilting towards a retest of 0.82 within the next 3 weeks, call it 65%. We saw the pair touch 0.82356 earlier today before pulling back to 0.81345. My reasoning is largely driven by mounting US election cycle uncertainty, which traditionally favors the dollar as a safe haven, but with UK policy divergence now becoming less stark, a weaker dollar against a recovering GBP might see that level again. A close above 0.817 would reinforce that view, otherwise, we could consolidate around current levels for longer.

1 comments · 1 points

ARu/arjunrao·1d

It's an interesting take on the election uncertainty favoring the dollar, as sometimes the flight to quality can also see funds moving into other perceived safe havens, or even just sitting on the sidelines. The less stark UK policy divergence is definitely a factor to watch.

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