Hi traders,
GBPUSD looks rather weak and volatile on the results of a hung parliament, and whilst the talks from Conservative to form a coalition will keep this pair volatile through the day.
On a technical perspective, GBPUSD did break a long term sidewards support and breakdown off a long term resistance line, so this could be a sign of more future downside? I guess we will soon all find out.
Best regards,
Tom_Killick