FTUKcom

Bearish pound moves are anticipated for the remainder...

Short
FX:GBPUSD   British Pound / U.S. Dollar
More whip-saw moves in Sterling with Cable breaching a Fib level at 1.3291 after a few attempts, but not tripping as many stops through 1.3300 as one might imagine amidst mixed Brexit reports, while Eur/Gbp has seen more LHS interest, but the cross is holding just above early September lows (0.8866) having made a more decisive break below the 200 DMA (circa 0.8922) yesterday. In short, some concessions are said to have been made on both sides, but yet again not on the really crucial issues and the UK-EU teams are likely to miss the mid-month ‘deadline’. Bearish pound moves are anticipated for the remainder of the week.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.