GBPUSD

In Germany's federal elections, nearly 60 million voters have the right to vote, with the highest turnout rate since 1990 at 84%. According to exit polls, the Christian Democratic Union (CDU/CSU) leads with 29%, while the right-wing AfD holds second place with 20%. In this situation, where no party can govern alone, CDU leader Merz's candidacy for Chancellor draws attention. There is great curiosity about how Merz will affect the financial balances during the coalition process.

In the currency market, the Classic Dollar Index remains above the 233-day exponential moving average (105.20) while continuing to trade below the 34-day average (107.32), reflecting short-term reaction thoughts. Today, data related to the German elections, the German IFO Business Climate Index, and Eurozone CPI figures will be closely monitored. The GBPUSD pair maintains a positive outlook while staying above the 1.2620 support level.