Maybe the last opportunity to purchase a cheap pound.

It is likely that the destiny of pound in the short term will be determined on this week. Referring to the EU-UK summit, where, is expected to sign the Brexit Agreement maybe.

We won’t even go into details of the issue, will concentrate on our trading idea and explanations why it supposed to work instead.
One of the critical issues of Britain’s exit from EU is necessary to find a new organization scheme of trading between EU and Britain. Since concerning Britain’s departure from EU, to replace free trade within the EU should come to a new formula.
The issue value is high. It is estimated that the total rejection of free trade between EU and UK might result in losses each party totaling over $60 billion. As is the case EU losses even more.

So it is no surprise that both parties are interested in from the one side, but from the other - trying to defend their interests to the maximum.

Considering the matter value, it’s evident that negotiations are running to the last. So generally speaking is occurring all the time and will take place further. Remember even a situation with Greece and Tsipras in 2015.

What is the current situation so unique? The markets believed that there would be no deal. As a result, the price of a pound now displays the option of exiting “without a deal,” which is fraught with both economic losses and increased uncertainty. This scares investors, and as a result, the pound is 1.31, although in the spring of this year it was given 1.43 (but then the markets believed in a conclusion of the treaty).

That is we have quite clear guidance at fair value of the pound for both options of further developments so far: 1,30 +/- - if there will be no deal and 1,41-1,43 - on condition of the conclusion of the agreement.

Since we are convinced that the deal will take place (perhaps not this week, because the trades are very hot and the parties may well pull even not until the last day but until the last hour), we consider that the current price of a pound is very, very cheap. So, you need to buy a pound.

Regarding the biggest stumbling block - Irish border, we believe that this issue is the basis of flimsy pretext to hide a real trading cause. Where it comes to the economy the reason only one - money. When they agreed on money, the border issue will be resolved automatically.

So, you need to buy a pound now, because then it may be trite late. If this week comes with disappointing news from Brussels, you should not take them at face value. On the contrary, the reduction of the pound, which will almost certainly follow it is worth using for additional purchases of the pound. Anyway, it's just a little while now, and there is nowhere to fall for the pound.

So we have a unique chance to earn 1000+ points with small risks. Markets make mistakes sometimes and we have to use it for our profit.