GBP/USD Pressure Builds on By-Election Uncertainty, DBS Warns
DBS Group Research strategist Chang Wei Liang says GBP/USD could remain volatile after easing toward 1.32, citing uncertainty from a by-election where Labour candidate Burnham leads in Makerfield.
The British pound faces headwinds from political uncertainty ahead of a key by-election, according to DBS Group Research. Strategist Chang Wei Liang noted that GBP/USD could stay volatile after the pair softened toward the 1.32 level.
The remark follows reports that Labour's candidate Burnham holds a lead in the Makerfield constituency, adding to market jitters. While the exact timing of the vote remains unclear, the outcome may influence UK political sentiment and near-term sterling direction.
No specific economic data was cited in the analyst's note.
Source: FXStreet Forex News