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GBP/USD still unfazed by UK election?

Many people believe all politicians are liars. That is not to say they are, but the truth is such lies are more often than not born out of an inability to deliver the policies they promise. No one can ever say such a job is even remotely easy, no matter what country one looks at. Well, it is just one day to go before the UK election. Interesting that it falls on the same day as the US celebrate their independence. So, it seems almost a slam dunk that Labour will win that contest tomorrow, but the Pound is not seemingly concerned about that. Of course it will take time to see if such complacency is warranted, or not. The GBP/USD rebounded from a low at 1.2616 yesterday morning and later closed in the US at 1.2685. So far since then and today it has not extended that move to back above the 1.27 handle. The recent price action has seen it stall above that level several times recently and that remains the case this morning. The high seen so far has been set at 1.2693. The GBP/USD is currently trading at 1.2682 
 

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