The Pound has continues to trade sideways against most currencies as the upcoming political elections in the U.K. will have a major impact on how the future course of fiscal and monetary policy. Different opinions from the various political parties on how to tackle the country’s bulging budget deficit and maintain the current recovery has led to a great deal of uncertainty over the future course of action. Therefore, we may see the GBP/JPY continue to trade in its current range, creating an ideal scalping environment.
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