The Brexit party, headed by Nigel Faraj, has decided to step down from 43 additional constituencies won by Labor, making it easier for the conservative majority. Markets favor the vast majority of conservatives who will endorse the Brexit deal and enact market-friendly policies.

Final election lists were published, and they showed that the right-wing Freej group had abandoned the seats won by the opposition party.

The GBP / USD jumped above 1.29, the highest level since early November. On the way up, the pound broke above the downtrend resistance line that has accompanied it since late October. The next targets are 1.2950, ​​1.2980 and 1.3013. Support for 1.29, 1.2820 and 1.2760 awaits. The 4 hour chart's momentum remains bullish and the pound has previously broken above the 50, 100 and 200 MAs.