As the Brexit deadline seems to bet for October with 'no-deal' still being the main scenario, cable now almost back to the lows of the aftermath of the Brexit vote in October 2016.
Now weekly oversold, continuing to sell it all the way to 1.1910. Critical point from here, all depends on the political side of Brexit, but so far no news support GBP strength.
Economic number during week show contraction in UK economy. So far GBP remains heavily on the sell side. Good Luck!
Now weekly oversold, continuing to sell it all the way to 1.1910. Critical point from here, all depends on the political side of Brexit, but so far no news support GBP strength.
Economic number during week show contraction in UK economy. So far GBP remains heavily on the sell side. Good Luck!