With opinion polls suggesting that the general election on 4 July is likely to lead to a change of government after 14 years of Tory rule, many traders and investors are wondering what impact this will have on UK markets such as GBP/USD.
The pound has lost ground against the US dollar in the past month, falling from around $1.281 at the start of June to current levels near support at $1.265. The election result could push the currency down towards $1.25.
At Axi, our mission is to help people like you “Trade Your Edge”. We want day-traders on our platforms to reach their full potential and become confident long-term traders. That’s why we’ve teamed up with trading guru David Belle to give you a daily dose of market insight and wisdom. Each day we’ll delve into the breaking news and geopolitics (the fundamentals) and market indicators (the technicals) to help you trade with more confidence. We’ll cover forex, crypto*, oil and gas, stocks, gold and silver – whatever is moving the markets that day.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage with a high risk of losing money rapidly due to leverage. Axi UK: * 70.8% of retail investor accounts lose money when trading CFDs with this provider.* You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This content should not be construed as investment advice. Past performance is not indicative of future results.
Axi UK: *Cryptocurrency CFDs can only be traded by Professional Clients due to FCA regulations.
"Trade your Edge" is our pledge to you.
It’s a promise that we’ll continue to give you the best possible tools and support, so you can unleash your trading edge.
#TradeYourEdge
-------------
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This channel is operated by Axi.
The Axi Group is a global award-winning broker, with regulatory licences in Australia, New Zealand, UAE and the United Kingdom.
The Axi brokers consist of:
AxiCorp Financial Services Pty Ltd (ACN 127 606 348) is authorised and regulated by the Australian Securities and Investment Commission (ASIC) in Australia with licence no 318232 and the Financial Markets Association (FMA) in New Zealand with licence no 518226. Its website is [ Ссылка ]
AxiCorp Financial Services Pty Ltd Dubai Branch is also regulated by the Dubai Financial Services Authority (DFSA) in Dubai Ref No: F003742. Its website is [ Ссылка ]
Axi Financial Services (UK) Ltd (company no. 6050593) is authorised and regulated by the Financial Conduct Authority (FCA) in the UK with firm reference no 466201. Its website is [ Ссылка ]
AxiTrader Ltd (company no. 25417 BC 2019) is registered in St Vincent & the Grenadines. Its website is [ Ссылка ]
