GBPUSD LOWER WE GO
With the trigger of Article 50 probably next January, I am not dare to long GBP vs any other currency. there might be bounce for GBPAUD/GBPNZD but probably come form weakness of commodity currencies not the strength of GBP.
We had better than expected GBP PMI data this week but couldn't help GBP to have meaningful bounce. That means market sentiment is mainly sell any bounce for GBPUSD and there are just too many uncertainties for Brexit deals between UK and Europe.
I am keeping core short GBPUSD and look comfortably lower.
We had better than expected GBP PMI data this week but couldn't help GBP to have meaningful bounce. That means market sentiment is mainly sell any bounce for GBPUSD and there are just too many uncertainties for Brexit deals between UK and Europe.
I am keeping core short GBPUSD and look comfortably lower.
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