Yesterday’s general election in the UK has presented investors with one of the best opportunities of the year to buy this quarter. The so called Christmas election saw millions of voters take to the polls and the incumbent Conservative party, led by Prime Minister Boris Johnson win a large majority.
The Pound was hugely strengthened yesterday as it became clearer that the status quo would be maintained at N0. 10 Downing Street, peaking against both the euro and US dollar – its 1.20 against the euro is the best the pound has performed in three years. It also reached a much stronger 1.35 against the US dollar.
The price of gold took a tumble in reaction to the news, down to $1462.90, creating the best opportunity to buy in four months. Act quickly to lock down this window.