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Pound Falls As Corbyn Matches Johnson in ITV Debate

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Written By: Eno Eteng (MSTA)

Nov 20, 2019, 13:28 GMT 13:28

Brexit

Summary:

A YouGov poll shows that the UK election debate between the UK PM Johnson and Labour Leader Jeremy Corbyn was quite even on the day.

The British Pound is trading lower today as the Tory Party’s leader and UK PM Boris Johnson squared off with the Labour Party leader Jeremy Corbyn in what was widely adjudged to be an evenly contested debate.

A poll of more than 1,640 persons conducted by YouGov and Sky News showed that only 51% thought Johnson won the debate, against 49% that favoured Corbyn.

Coincidentally, a YouGov-Times-Sky News poll found that support for the Tory party had fallen three points from the previous week, while that of the Labour Party added 2 points. This has cut the lead to 42-30, a difference of 12 points.

Technical Outlook for GBPAUD

The GBPAUD pair has taken a slight tumble on the day and is trading at 1.8926. A downside break of this area targets the 1.8879 and 1.8831 support levels, in that order.

1.9021 and 1.9083 are the two upside targets that could be approached if price recovers from present levels.

Written By: Eno Eteng (MSTA)

Eno is a certified financial technician and member of the UK Society of Technical Analysts. He loves to trade and write about stocks, Forex, and CFDs. Since 2009, he has consulted several financial companies as a trader and strategy developer. His work can be seen on several forex blogs and trading educational websites.