FOREXCOM:GBPUSD   British Pound / U.S. Dollar
The EU offering a very short unconditional extension of the Brexit deadline as expected with the possibility of an extension till 22nd May if the House of Commons pass the WA before that. If the House of Commons rejects PM MAY’s deal, the UK will either leave on 12th April or need to come up with an alternative way forward for the EU Council to consider (participation in European May elections etc).

As things stand a long extension seems more likely than the deal passing as the HoC by majority voted to take no deal Brexit off the table, watching very closely the responses in British politics for any changing of sides as we get closer to the final whistle.

On the Central Bank front yesterday we had a muted BOE as expected via political uncertainties.

Best of luck all shorts

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Trade closed: target reached

Comments

Nice spot! posted the exact view on this too...

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ridethepig zorrays
@zorrays, Nice chart, good use of fibs.
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