The pound is continuing its decline. We see more turmoil than solutions being propagated in the UK. Prime Minister Theresa May faced hardships yet again from her Parliament when they refused to endorse her return to the EU negotiating table. Who will be in charge of the negotiations remains to be seen but we remain on the whole situation because the deadline is quickly approaching.
We look towards the employment data set for the UK on Tuesday to figure out if will stay within the bounds of the mandate the Bank of England. This data is important, it shows us if the BoE might change its because of sharp declines in employment or . After all this data is compiled, we will see an report on Thursday.
shows us that the pound will likely continue its descent. Two candles indicate that despite a good data set from the UK the pound is not ready to climb back to previous highs. The price crossed over the 21 and remains under the 200 . A at 1.26734 is a good level to put target take-profits.