GBPUSD Theresa May is still alive... and so the pound
Considering all the news, the pound didn't move as some experts thought. May is alive and walks in any "exit direction", but the biggest problem is the sterling which has no clear direction at all, so here's the point, why would you buy dollars? We can't blame Theresa May because a bad deal, indeed, she can't do so much if any deal is considered as not fair for Brits. Well, if they think twice, maybe and just maybe they already have the best deal (remain). As Professional Investor I know they will have a second Brexit referendum where "the vote of stay" would lead the polls. However, it's a good idea because at the end of the day, in the long run European countries will leave the union anyway, so Brits would have their Brexit for free.
How do the market read this event? Pound Sterling... bullish.
Technically, the price would try to fill the gap between the 50 and 100-day moving average. Choppy area on the way... but >1.12% bullish.
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How do the market read this event? Pound Sterling... bullish.
Technically, the price would try to fill the gap between the 50 and 100-day moving average. Choppy area on the way... but >1.12% bullish.
Learn how to beat the market as Professional Trader with an ex-insider!
Be part of an Elite Trading Group or get The Best Advice through our New Daily Market Perspective.
Have a Nice Trading Week!
Cream Live Trading, Best Regards!
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