As the United States of America has reached a fork in the road with its presidential election and the upcoming British election, some in the press are speculating on the impact the two events could have on global markets. For some, it’s an opportunity to take a longer view on currency and its possible impact on the future of the world economy.
There is a possibility that the GBP, USD could fall against the pound as a result of the presidential debate. The former governor of New York was a known critic of the Federal Reserve and is seen as a left-leaning candidate in the race. Some traders believe that he would make a good president of the United States.
Some analysts also believe that he could do well in Europe by leading a campaign against the European Union and its policies. Others think that a Hillary Clinton presidency will lead to a continuation of Obama’s policies and the Euro will fall.
The UK’s upcoming election will have a great effect on the Forex markets. Traders see Ed Balls as a safe pair of hands who is pro-austerity. Some say that his views are a result of being a long-time Labour party member. There is also speculation that he may be pro-Europe, but that he’s too young to remember how dire the economic crisis was in Britain when it last went to an election.
Many see Ed as the type of politician that is more interested in talking about his own personal career than in getting things done for the country. His comments on unemployment have often been controversial, and many have argued that he hasn’t done a good enough job to get to grips with the problem.
One of the big questions about this election is whether or not it will be a divisive one or if the candidates will stick to their guns. Traders feel that they will have to accept the outcome of the election regardless, but they could take a vote on both sides of the argument.
In The U.K., there is a possibility that the pound could take a beating against the Dollar following the US presidential election, but some believe that there is a chance that it could rise and come close to the level of the GBP, USD before the end of the year. Some also say that investors could expect the Euro to come down in the next few months.
In the United States, many believe that the upcoming election is likely to have a large impact on the GBP, USD and the Federal Reserve, and that it’s possible that this could cause the currency to hit its lows at this time. However, the election results will only have a significant influence on the market in the first few months of 2020, so any big movements that may be made will be short-lived. The long term outlook is still bullish and traders are hoping that the GBP, USD will continue to rise through to the end of the year.
As previously stated, there’s a chance that the UK may experience some political turmoil after the election. One candidate, Theresa May, has been highly critical of the EU, and her stance on immigration has been criticized by her opponents. If this happens, it’s possible that the Pound will fall lower against the USD and this could cause a lot of problems for the UK financial markets.
It’s also likely that the UK will have to renegotiate its relationship with the European Union in order to get its economy working again. When negotiations begin, many believe that this could create a domino effect that could cause the pound to drop even further against the USD.
Some see Ed as a risk to economic growth, but others are confident that he’ll be able to steer the economy into the future and stay ahead of the curve. Many in the Financial Services Industry feel that he’s a weakling, and they don’t expect him to do very well in his role. There is some speculation that the government could offer tax breaks to banks in order to stimulate lending, which would help offset the loss of income on bad debts, and help the economy to return to growth.
Whatever the outcome of the UK election, the markets will be watching to see what political turmoil comes over America in the months to come. With the Euro falling against the USD and a weaker dollar, causing global markets to contract, there is a lot of uncertainty.