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FX_TraderUK
Sep 18, 2020 12:02 PM

Downside to GU Short

British Pound/U.S. DollarFXCM

Description

From here, I see a serious downside for GU, Dollar will gain strength in my opinion over next month or so, Brexit issues as well as relaxed measures so far in the UK so far has resulted in lot's of death so there may be a national lockdown or at least local ones which will severely affect the economy. Additionally Furlough Scheme is due to end next month so this will also have a serious negative effect in the economy. This will mean BOE will have no choice but to introduce negative rates. Over all it is not looking good for the UK/GBP!
Comments
FreeForexSignals
Im with you on this 1, I am shorting the hell out of GBP.
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