GBP/USD is trading at 1.2745, 0.05% up since previous day close. UK voters head to the polls, traders refrain from placing new bets on the Pound Sterling, despite the fact that the US Dollar is generally weaker. The USD saw some light selling pressure as the market sentiment improved during US trading hours. The GBP/USD pair is currently trading in positive territory near 1.2700 after posting gains on Tuesday. The technical outlook for the pair’s close support, 1.2611, indicates a bullish tilt in the near term, with a potential increase to 1.2795.

GER30 is trading at 18400, 0.02% up since previous day close. On Wednesday, the DAX maintained its early gains and ended the day 1.2% higher at 18,375, following the positive European equity session and some relief for government bonds. More indications of a slowing US economy bolstered expectations of a third-quarter rate cut by the Federal Reserve, boosting stock markets throughout North America and Europe. Following a dip yesterday, the GER30 closed higher, up 1.22%, with support from Airbus, DHL, Deutsche, and a few tech giants. Traders are still cautious, though. Support for GER30 is 17950 in the French and UK elections, while resistance may reach 18700.

XAUUSD is trading at 2355, 0.15%, down since previous day close. The price of gold is currently near $2,360, its highest level in more than a week, and is expected to continue its recent upward trend early on Thursday. Gold prices are supported by persistent US dollar weakness Numerous macroeconomic indicators point to a weak US economy and rising inflation, which could lead to a rate cut this year. Investors are beginning to place cautious bets on yellow metal. the potential for 2316 to 2292 support and 2368 resistance.