Trade longer-term and sleep better at nights

Stick with your plan, trade your plan. News can have a major impact on a trend but it can also just be noise in an established trend or an already out of steam trend.

That is our view with the GBP, we believe we might have some volatility but usually after huge drops like this pair, weeks of sideways action is followed by a reversal corrective moves and that is our bias.

-TRADEPLICITY

Comment:

We are not in this trade because we have a position in EURGBP. Our long term bias is still long.