Hawks turning to doves, BOE ready with 50bp of front loaded cuts and a restart of TFS with a no-deal Brexit only weeks away. We are going to see an aggressive leg to the topside here after all the mis-pricing from a softer exit.
It makes complete sense to me that the Pound will continue under pressure in the mid-term with no break-through since the Supreme Court ruling. Invalidation comes in below the recent lows in September at 0.878x while to the topside a first target of 0.920x is within reach!
Best of luck all those trading the final few weeks in the Brexit saga.
It makes complete sense to me that the Pound will continue under pressure in the mid-term with no break-through since the Supreme Court ruling. Invalidation comes in below the recent lows in September at 0.878x while to the topside a first target of 0.920x is within reach!
Best of luck all those trading the final few weeks in the Brexit saga.
Trade closed: stop reached:
Stops couldn't hold the political noise, Pound chart updates coming over the weekend.
