Daily Alert – Tues 10 Dec: Equities pulling back and GBP rising…

Mark Nugent Daily Alert, Dec 2019

Daily Alert – Tues 10 Dec: Equities pulling back and GBP rising…

The markets were moderately risk-off yesterday and that sentiment continues today. In the UK we have the YouGov MRP poll out at 2200 hrs local time. This is the only poll that correctly predicted the last election where Theresa May lost the bulk of her majority. With the gap in the polls narrowing, this could move the GBP and the FTSE250.

We are seeing a pullback in equities and a strong GBP/weak USD combination as per the Trading Plan. Moves were not sufficient to trade last night but will be well worth a look tonight.

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