It has been a quiet day in terms of news and data releases, but GBP/USD has made it to fresh multi-month highs. Traders and investors have been reliefed after the Conservative party, which is considered more business-friendly than the Labour party, won the general elections last Friday. Now, expectations about a hawkish inflation report are helping to push the Pound even higher. The next two days will be busy for GBP traders with Manufacturing & Industrial Production data tomorrow and then on Wednesday the IR and UK employment data. GBP/USD currently at 1.5556, with the next major tech resistance level eyed at 1.5625.
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