Money Flow before the start of European trading this morning

A big day in Europe as the UK elections are to come, but we also expect decisions on the SNB and ECB base interest rate later.

The pound continues to trade upward at the start of the session against the backdrop that the Conservatives will win the majority, but the battle is closer than you think, which also creates a risk of reversal of sentiment in the prospects of a hung parliament.

In addition, the dollar remains weak after the US Federal Reserve kept interest rates unchanged in the country and signaled that it did not forecast interest rate changes next year.

The major stock indices are trading up in Asia, the US futures are also pointing to an increase, which means that the European morning will start in green. But on the other hand, investors are prepared and expecting the unexpected, which is evident in the power of gold and silver, which are on the one hand because of the weak dollar, but on the other, because of the uncertainty surrounding the Trump administration, which markets seem to be accustomed to. that she is always ready for surprises.

 Trader Georgi Bozhidarov

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