Vote of Confidence for Conservatives Sends CABLE Higher

GBPUSD AS OF 05-08-2015

A fundamentally driven market for CABLE has again regained its lead with its' currency peers, as an isolated case since it has been fueled by the vote of confidence from the exit polls in the UK general elections where the conservative party would hold its power well against the labour party, which have lost some seats in the minority.

Having walked into this trading scenario where Sterling Pound has reached another registered high @1.5520 clearly signifies the positive sentiments among voters and investors alike. With that said, the continuing sentiments would provide some pressure for the USD to move against its Cable counter-part at the moment. Trend for CABLE is well on Track! Great Job Voters!

This move gained back what was previously lost from the 1.5497 down to 1.5088 and is now @1.5490 to this writing. A trade whipsaw where a volatile market exist between bulls and bears struggling to take dominance of position after the report on the exit polls were made public.